Ryanair Chief Michael O’Leary Predicts 20% Increase in Air Fares Next Year
Michael O'Leary said most European airlines lack fuel hedges and will pass higher oil costs to passengers.
- On Tuesday, Ryanair CEO Michael O'Leary warned in Brussels that European airfares face record increases, potentially spiking 20% in 2027 as soaring oil prices force airlines to pass fuel costs to consumers.
- Escalating Middle East conflict since early 2026 has driven jet fuel costs to historic highs, squeezing airline margins and reducing consumer demand across Europe.
- Ryanair shares dropped 2.2 per cent in Dublin, bringing the year's decline to about 25 per cent, while weaker carriers like Air Baltic Corp and Volotea undergo restructuring to survive.
- Last week, Lufthansa won the race to acquire Portugal's state-owned TAP, while Apollo Global Management prepares to take over British carrier EasyJet as consolidation accelerates.
- Despite industry headwinds, O'Leary expects to receive the first Boeing Max 10 aircraft delivery in January, with about 16 more arriving through April to support European operations.
27 Articles
27 Articles
Ticket prices could rise by up to 20 percent next year, says the CEO of a low-cost airline.
The prices of air tickets could increase significantly in 2027, warns the general manager of the Ryanair, Michael O-Leary. It claims that the oil price will put pressure on tariffs after the expiry of the contracts by which the company provided its fuel in advance at lower prices.
Michael O'Leary, Executive Chairman of the Ryanair air carrier, anticipates that due to rising oil prices and European taxes flying will become much more expensive in 2027.
vz.ru
1prime.ruThe head of the Irish airline, Ryanair, Michael O'Leary, said that next year the price of airline tickets in Europe would show a record 20 per cent increase due to the increase in fuel costs. Next year, the prices of European airlines would increase significantly. "In the next 12 months, you will see perhaps the largest increase in the price of airline tickets in European history," O'Liri reported, transmitting RIA News with a reference to Bloom…
Speaking at a press conference given by Michael O'Leary, he predicts increases of up to 20% in airline tickets in 2027, due to the "shooting" in fuel prices.
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