Europe to See 'Biggest-Ever' Increase in Air Fares Next Year, Ryanair Chief Says
- On Tuesday, Ryanair CEO Michael O'Leary predicted the "biggest increase in history" for European airfares next year, forecasting hikes of up to 20% due to unhedged jet fuel costs.
- The Iran war has driven jet fuel prices sharply higher, leaving most European airlines largely unhedged for the coming year and vulnerable to price volatility.
- Following plans to increase the local aviation tax, O'Leary announced the airline is cutting 20 routes and more than a million seats from Belgium for winter.
- Weaker carriers face bankruptcy and takeovers as high costs strain the aviation industry, with Deutsche Lufthansa acquiring a stake in Portugal's TAP last week.
- Boeing 737 MAX 10 certification is expected this month, allowing Ryanair to receive about 16 planes in early 2027, O'Leary said.
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The air tickets in Europe will have the highest in history next year, said on Tuesday the director-president of the Ryanair, Michael The Leary, since the airlines are largely without financial protection against the increase of the costs of aviation fuel. The Leary predicted that there will be fewer seats available next year due to bankruptcies and acquisitions of airlines, which, in addition to the lack of protection against the discharge of th…
Ryanair CEO tells Europe to ready for biggest airfare hike in history
Airlines worldwide are facing a sharp increase in the cost of aircraft fuel - What Ryanair's CEO predicts The post Ryanair warns: Airfares to increase by up to 20% in 2027 appeared first on in.gr.
Ryanair CEO Michael O’Leary has warned that Europe’s air fares could rise by up to 20% next year as the Middle East war pushes up oil prices and increases airlines’ operating costs. The head of Europe’s largest low-cost airline said the price hike could be as much as 20% next year. He told a news conference in Brussels on Tuesday that the increase would not fully offset the impact of higher fuel costs, which would squeeze the industry’s profit m…
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