High Oil Prices Could Pressure Ryanair Profits Next Year
CEO Michael O'Leary warns high oil prices could pressure Ryanair profits. The airline is lowering fares to boost demand as customers show hesitancy. No fuel supply disruptions are expected.
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RYANAIR HOLDINGS PLC-SP ADR CEO Michael O'Leary warned profit could face pressure through March 2027 if crude oil prices remain elevated. The carrier is cutting fares 1% to 2% through August to stimulate demand as travelers show booking hesitancy. Ryanair does not expect disruption to jet fuel supplies in Europe this summer, but earnings for the current 12-month period depend on energy price stability.
