Ryanair weighs a pay freeze and says fares will rise as fuel costs jump

Expected rise in European fares

10-20 %

CEO Michael O'Leary expects European fares to rise 10 to 20 per cent next year as cheaper fuel hedges run out. Ryanair expects fuel costs to rise by €2 billion.

The airline is considering a temporary pay freeze, lower crew ratios and more use of AI. It has more than 27,000 employees.