As I predicted long ago
“I think there will be a dramatic recovery in holiday tourism within Europe next year,” he said.”And the reason why I think prices will be dramatically higher is that there’s less capacity.”
Ryanair’s short-haul rivals had all had to reduce their fleets because of the pandemic, he added.
Source: Ryanair: Holiday prices likely to rise sharply soon – BBC News
Additionally, new “environmental taxes” on tickets.
Demand will spike while supply remains constrained, leading to higher prices. We may not see a return to a consumer price favorable market until at least 2023.