Economy · 12 d ago
Ryanair's CEO warns of Europe's biggest airfare rise ever
Expected fare rise in Europe
10-20 %
Michael O'Leary expects European fares to rise 10, 15 or maybe 20 per cent over the next 12 months, as fewer seats chase demand.
Until Mar 2027
80% hedged
After Apr 2027
15% hedged
Most European airlines have little fuel hedged from April 2027, he said. Ryanair has 80 per cent of its fuel locked in at US$67 a barrel until March 2027.
Speaking in Brussels, he said Ryanair will cancel 20 routes and cut more than a million seats from Belgium this winter over a planned tax rise.
