O'Leary predicts 10-20% airfare increases if oil prices stay high
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Ryanair CEO Michael O'Leary told reporters on Wednesday that airfares may need to rise by 10%, 15%, or 20% next summer if oil prices remain at current elevated levels.
“IF OIL PRICES REMAIN THIS HIGH INTO SUMMER OF 2027, I EXPECT AIRFARES TO RISE BY 10, 15, 20%”
Michael O'LearyMichael O'Leary Ryanair Group CEO
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LONDON, Sept 23 (Reuters) - Airfares will need to rise by between 10% and 20% next summer if oil prices stay at their current elevated level over the coming months, Ryanair group CEO Michael O'Leary said on Wednesday. @reuters.com
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* RYANAIR CEO O'LEARY: IF OIL PRICES REMAIN THIS HIGH INTO SUMMER OF 2027, I EXPECT AIRFARES TO RISE BY 10, 15, 20% @reuters.com
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