Budget European airline Ryanair plans to offer super cheap flights across the pond, multiple news agencies reported Monday. Reports varied on how cheap the fares will actually be, but by some accounts it could cost as little as $15 to fly from the U.S. to Europe.
That’s less money than I recently spent on a large pepperoni pizza.
The news of the cheap flights comes at a time when Europe is more affordable for Americans than ever. It also means that it could be as cheap to fly across the Atlantic as it is to fly between Asian countries on AirAsia. The biggest catch is that these super low-cost flights may not be available for four to five years (when exchange rates could be very different).
Financially, this is good news for travelers looking to fly to Europe cheaply — and that includes us. It will be interesting, however, to see if this ultimately opens up transatlantic routes to cutthroat, Ryanair-style competition, which could mean cheaper fares but also significantly reduced comfort.
— Jim Dalrymple II