Ryanair-sjefen varsler kraftig prishopp
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Michael O’Leary, the chief executive of Ryanair, has warned that European travelers can expect significantly pricier tickets in 2027, according to CNBC. The warning comes as Ryanair notes that fuel agreements, which secure fuel prices, will expire, and there is no solution in the Middle East, as reported on Monday. Currently, fuel costs $170 per ton, a costly burden for the airline.
O’Leary predicts a 10% increase in European flight prices next year, potentially reaching 20%, CNBC states. Ryanair estimates that this fuel cost increase will amount to €2 billion. The company doesn’t expect higher ticket prices on short-haul routes to cover the entire rise. As a result, Ryanair plans to cut costs, including reduced staff perks, possible temporary wage freezes, and the use of AI to improve efficiency.
The profit margin dropped 15% in the first half of the company's fiscal year. The cost of 50% of fuel, not price-capped, doubled, according to CNBC. In July, Ryanair announced a 6% decrease in average ticket prices. O’Leary explained that the airline needed to stimulate demand due to conflict-induced reservationism among customers. The company also stated that it had price-capped 80% of fuel needs for the current fiscal year but only 15% for the next.
In September, SAS commercial director Paul Verhagen told E24 that the industry needed to raise ticket prices due to high fuel costs making it difficult to operate profitably.
Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
