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Ryanair CEO says airline will not levy fuel surcharge
- 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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The CEO of Ryanair, Michael O-Leary, estimates that the airline tickets of traditional companies could be charged at 10%-20% next summer, on the basis of high fuel prices. Article Chief Ryanair anticipates airline tickets up to 20% more expensive in 2027. The airline will not introduce surcharge for fuel appears first in Romania TV.
Evening Standard+3 Reposted by 3 other sources
Ryanair boss says he has ‘no doubt’ air fares will increase next year
Michael O’Leary told reporters in London that flight prices were going ‘significantly upward’.
·London, United Kingdom
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Ryanair CEO Michael O'Leary says airline will not levy fuel surcharge
Ryanair group CEO Michael O'Leary said on Wednesday the airline “will not levy a fuel surcharge” amid higher prices for jet oil, though he predicted rivals may do so, and forecast more consolidation in the sector as a result of elevated fuel costs.
·Dublin, Ireland
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Total News Sources28
Leaning Left5Leaning Right5Center6Last UpdatedBias Distribution38% Center
Bias Distribution
- 38% of the sources are Center
38% Center
L 31%
C 38%
R 31%
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