Ryanair chief says no Europe jet fuel shortages likely before summer 2027
Ryanair CEO Michael O’Leary said attacks on refineries in Russia and the Middle East, coupled with tanker shortages and limited refining capacity, would remain major challenges over the next 12 to 18 months.
Ryanair's CEO Michael O Leary stated that he does not anticipate any jet fuel shortages in Europe during the winter of 2026 or the summer of 2027, despite the ongoing Iran conflict disrupting supply chains. The airline previously announced a reduction in winter flights due to escalating fuel costs, and reduced its full-year passenger forecast to 214 million from 216 million.
O Leary explained that jet fuel prices have surged more than 50% above oil prices since the beginning of the war, with Iran retaliating against Gulf refining infrastructure in countries it believes are aiding the US. He noted that such retaliatory actions, along with Ukrainian attacks on Russian refineries and Iranian strikes on Middle Eastern refining capacity, pose significant challenges to refinery and tanker availability, which could exacerbate fuel shortages.
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- Ryanair CEO sees no European jet fuel shortages into summer 2027 euronews.com
- Ryanair chief says no Europe jet fuel shortages likely before summer 2027 freemalaysiatoday.com
