Ryanair warns fares could rise up to 20% on fuel costs

· Politics · Ireland · European Union

Ryanair CEO Michael O'Leary warned that European airlines may face "significantly higher airfares" of up to 20% next year as fuel costs rise. The airline said fuel prices may increase by €2 billion in 2028 unless there is an end to the US-Israel war with Iran. Ryanair is also considering pay freezes, reducing crew on flights and greater use of artificial intelligence as cost-cutting measures, setting up a potential clash with unions.

Why it matters：Fuel costs tied to the Iran war could raise travel prices across Europe and squeeze airline profits, with knock-on effects for tourism.

Key points

  • Ryanair says fares could rise by up to 20% next year.
  • Fuel prices may rise by €2 billion in 2028 without an end to the Iran war.
  • The airline is weighing pay freezes and fewer crew on flights.

Sources (original reporting)

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