Ryanair Rules Out Fuel Surcharge
Ryanair CEO Michael OLeary stated the airline will avoid fuel surcharges despite high jet fuel prices. He predicted rivals will raise fares next summer and expects further industry consolidation across Europe.
Xurve View
Insights:
Xurve View
RYANAIR HOLDINGS PLC-SP ADR group CEO Michael O'Leary pledged on Wednesday afternoon to bypass fuel surcharges despite surging energy costs. The decision comes as rising jet fuel prices pressure carriers globally, forcing capacity cuts across the sector. O'Leary warned that rival carriers will inevitably pass costs to consumers next summer.
