Aviation: Why flying will become even more expensive next year
More oil tankers are making it through the Strait of Hormuz again. Nevertheless, kerosene remains expensive. Some managers are warning their own industry not to overdo it with the prices.
Ryanair CEO Michael O'Leary predicts that flight prices will see their largest increase in Europe in the next 12 months. He cited the ongoing tensions in the Middle East and high fuel prices as reasons for the expected price hike. Other airline CEOs, including Lufthansa's Carsten Spohr and Condor's Peter Gerber, also expect ticket prices to rise significantly.
The high fuel prices are a major factor, with airlines paying 1550 dollars per tonne of kerosene, 118% more than last year. European airlines are also less hedged against fuel price fluctuations, with Ryanair being 85% unhedged for 2027.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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- Aviation: Why flying will become even more expensive next year handelsblatt.com
