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The anticipated return of Donald Trump to the White House is poised to drive down global air fares, according to Ryanair’s outspoken chief executive Michael O’Leary. The leader of Europe’s largest airline believes the incoming president’s policies will deliver significant benefits to the aviation sector by reversing net-zero initiatives and encouraging increased fossil fuel production.
Aircraft fuel and oil, representing nearly 30 per cent of total operational costs, remain the most substantial expense for airlines worldwide. The implementation of green taxes, whether through direct passenger levies or duties imposed on carriers, has contributed to elevated flight costs in recent years.
The aviation industry, currently responsible for 2.5 per cent of global carbon emissions according to International Energy Agency data, faces growing scrutiny as other sectors accelerate their transition to greener alternatives. The flygskam movement, championed by environmental activist Greta Thunberg, has previously advocated for additional environmental charges on air travel.
O’Leary maintains the environmental movement’s influence has waned significantly. “Trump’s presidency will benefit the sector substantially over the next two years. The whole net-zero and environmental taxation agenda has reversed course, and his administration will actively encourage increased US oil and natural gas production, which should lead to lower prices,” he stated.
The Ryanair chief’s optimistic outlook extends to Boeing, whose production delays of the 737 Max jets have impacted Ryanair’s growth projections. Following a recent visit to Boeing’s Seattle facility, O’Leary expressed confidence in the manufacturer’s quality control improvements, particularly regarding fuselages produced in Wichita, Kansas.
Boeing’s production rates are expected to increase from current levels of 32 aircraft monthly to 36 by April’s end and 38 by late summer. This progression, coupled with anticipated support from the Federal Aviation Administration under Trump’s administration, suggests a potentially positive trajectory for both Boeing and airline operators.
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