Ryanair CEO Forecasts European Fares Could Rise 10% to 20%
Ryanair CEO Michael O'Leary forecast that European air fares could increase by 10% to 20% next year as the airline faces higher fuel costs.
FlyMarshall Newsroom1 min read
Photo: AirlineGeeks
Ryanair CEO Michael O’Leary forecast that fares across Europe could rise 10% to 20% next year. He cited the expiry of lower-priced fuel hedges and high jet-fuel costs.
Key details
- Ryanair’s earnings report reportedly forecast about €2 billion in additional fuel costs.
- Ryanair is considering further cost-saving measures, according to the report.
- The Ryanair Group has more than 27,000 employees.
Michael O’Leary forecast European fare increases of 10% to 20% next year.
Why it matters
Ryanair’s forecast points to a possible fare increase for passengers traveling within Europe. The reported fuel-cost estimate also indicates that fare changes alone would not cover the airline’s expected cost increase.
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