Ryanair warns air fares in Europe will jump next year if oil price stays high
Ryanair has warned that European airfares are likely to rise next year if oil prices remain high. The airline has reduced its passenger targets for the winter season to mitigate risks associated with unhedged fuel costs.
Why it matters
Rising fuel costs and airline financial instability could significantly impact travel affordability and consumer spending across Europe.
Ryanair expects passenger numbers between November and March to be broadly flat compared with the same period last year. Photograph: Pier Marco Tacca/Getty Ryanair expects passenger numbers between November and March to be broadly flat compared with the same period last year. Photograph: Pier Marco Tacca/Getty Ryanair Ryanair warns air fares in Europe will jump next year if oil price stays high Budget carrier says airlines could go bust as it cuts passenger targets to reduce exposure to ‘unhedged winter oil’
Prefer the Guardian on Google Ryanair has warned that air fares in Europe will jump next year if the oil price remains high and that some airlines could go bust.
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