Report
Ryanair chief warns European airfares could rise as much as 20% in 2027
In Bloomberg reporting carried by The Straits Times, O’Leary warns fuel surcharges may not cover airlines’ higher oil bills.
TLDR
Bloomberg reporting carried by The Straits Times says Ryanair CEO Michael O’Leary predicted European airfares could rise by as much as 20% in 2027. The report links higher oil prices to the Middle East war. O’Leary expects fuel surcharges to fall short of covering higher oil bills and says most European airlines lack significant hedging for 2027.
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