4 articles
Ryanair CEO Michael O'Leary forecasts jet fuel prices will remain 50% higher for the next 12-18 months due to the Iran war, prompting European airlines to cut capacity despite hedging efforts.
Ryanair Holdings plans to reduce winter flight frequencies to mitigate exposure to rising jet fuel costs. CEO Michael O'Leary cited higher oil prices and lower demand as key factors forcing capacity a
Ryanair CEO Michael O'Leary warned that sustained high oil prices could pressure profits through March 2027, prompting fare reductions to stimulate demand despite stable jet fuel supplies.
Ryanair CEO Michael O'Leary reported that jet fuel shortage risks in Europe are diminishing, with suppliers confirming no disruptions expected until the end of June despite Middle East tensions.
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