Ryanair Warns Jet Fuel Costs Will Stay High
Ryanair Chief Executive Michael OLeyary warns that elevated jet fuel costs from the Iran conflict will persist for eighteen months. European airlines must raise ticket prices to cover these expenses.
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Ryanair Holdings plc Chief Executive Michael O'Leary said jet fuel costs will stay 50% above pre-war levels through 2028, forcing airlines to raise fares. The ongoing conflict in Iran has driven up fuel expenses, squeezing airline profit margins across Europe. Investors face sustained ticket price inflation as carriers grapple with reduced hedging protection heading into next year.
