GoKawiilRyanair's O'Leary warns of sharp airfare hikes if oil prices stay high
Ryanair CEO Michael O'Leary told reporters that fares could rise substantially in the December and March quarters if oil prices remain elevated, even as second-quarter pricing is expected to dip slightly. His comments came as Brent crude held above $100 a barrel and jet fuel costs climbed roughly 90% year-over-year.
GoKawiil's interpretation of the reporting above, not reported fact.
Rising jet fuel costs squeeze airline margins, and low-cost carriers like Ryanair have less room to absorb higher expenses than legacy airlines. O'Leary's earlier prediction of industry 'failures' among weaker European carriers suggests sustained high oil prices could reshape competition and raise ticket costs broadly for travelers.
- Ryanair expects fares to rise significantly late in the year if oil prices stay high.
- Jet fuel prices have surged about 90% year-over-year amid Middle East tensions.
- O'Leary previously warned some weaker European airlines could fail under fuel cost pressure.
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Published there as: “Ryanair CEO says to brace for a 'significant uplift' in airfares as oil prices soar”
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