Ryanair CEO Michael O'Leary Predicted a Record Rise in Airfare Prices in Europe in 2027

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The Director-General of Ryanair (the largest airline in Europe in terms of passenger traffic and number of flights), Michael O'Leary, warned that in 2027 passengers would face a record increase in the price of airline tickets.

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The war in the Middle East is driving oil prices higher.

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Air ticket prices in Europe will be able to record an unprecedented rise in 2027, with increases of up to 20% if fuel prices remain at high levels.

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Anyone thinking of flying next year may have to prepare a bigger budget.

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Ryanair CEO Michael O'Leary said today that air ticket prices in Europe could rise by 20 percent next year, which, according to his estimation, would be the biggest jump in passenger air transportation prices in the history of the Old Continent. "I expect the prices of plane tickets in Europe in the next 12 months to increase by 10, 15, maybe even 20 percent," O'Leary said at a press conference in Brussels, according to Reuters. The war in the M…