Ryanair CEO Warns of Higher Airfares
Ryanair chief executive Michael OLeary warns of a significant rise in airfares if high oil prices persist into next year. He notes that ticket pricing for the upcoming winter and spring quarters remains entirely uncertain.
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Ryanair Holdings plc-SP ADR chief executive Michael O'Leary warned Thursday morning of rising ticket costs if Brent Crude Oil prices remain elevated into next year. The Dublin-based carrier faces potential fare increases across its European network. The warning highlights ongoing cost pressures for the low-cost airline sector operating out of Ireland.
