Ryanair CEO says airline will not levy fuel surcharge
Michael O’Leary said rivals may add surcharges as jet fuel costs climb, while Ryanair cut its fiscal 2027 passenger forecast to 214 million.
- On Wednesday, Ryanair Group CEO Michael announced the airline "will not levy a fuel surcharge" despite higher jet fuel prices, though he predicted rivals would pass costs to customers next summer.
- Most airlines hedged fuel costs through summer 2026, absorbing initial price shocks; as those agreements expire, Leary noted companies face higher expenses, necessitating price adjustments next year.
- Airfares could rise by 10%, 15%, or 20% next summer if oil prices remain elevated, Leary warned; he added that while Ryanair maintains its stance, "the legacy guys certainly will" add surcharges.
- Higher fuel prices may accelerate consolidation in the European aviation market, potentially forcing weaker airlines to fail, affecting carriers like British Airways, Lufthansa, and Air France.
- Ryanair expects to receive 15 Boeing 737 MAX 10 aircraft in the Spring, pending certification in the coming weeks; the airline operates high-density MAX 8s and holds options for 150 additional jets.
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Traditional airlines could increase flight prices by up to 20% in the summer of 2027, Ryanair chief executive Michael O'Leary has warned. The low-cost carrier says higher fuel prices will no longer be absorbed by operators and some of the costs will eventually be passed on to passengers.
Ryanair CEO Michael O'Leary has warned that airfares could become significantly more expensive next year due to soaring oil prices and the Iran conflict. The Irish budget airline has already cut its passenger traffic target for next year, The Journal reported.
Ryanair boss says flights in summer 2027 could rise by 10-20% Michael O'Leary said expensive gas could raise <p>ticket prices by 10-20% in summer 2027. Competitors can introduce fuel surcharges.</p>
The Irish low-cost carrier has announced plans to increase fares, citing rising oil prices.
Irish low-cost airline Ryanair is forecasting a significant increase in airfares for the upcoming summer season due to rising oil prices as a result of the war in the Middle East. The company has also lowered its flight targets for next year.
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