{
  "id": 12850029,
  "title": "Ryanair CEO sees no European jet fuel shortages into summer 2027",
  "url": "https://urgent.news/2026/10/08/ryanair-ceo-sees-no-european-jet-fuel-shortages-into-summer-2027",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-08T10:52:58.000Z",
  "source": {
    "name": "Euronews",
    "slug": "euronews",
    "url": "https://www.euronews.com/2026/10/08/ryanair-ceo-sees-no-european-jet-fuel-shortages-into-summer-2027"
  },
  "original_language": "en",
  "account": "Ryanair CEO Michael O’Leary expressed confidence on Thursday that Europe would not face jet fuel shortages this winter or into summer 2027, despite the ongoing Iran conflict disrupting supply chains. During a press conference organized by Airlines for Europe (A4E) in Brussels, O’Leary stated that there is no doubt about the availability of jet fuel in Europe this winter or next summer, unless an unforeseen event occurs. The European Commission also reported on September 8th that increased EU refinery output and alternative imports were meeting European demand for jet fuel, although they acknowledged that further disruption in the Middle East could tighten supplies. Meanwhile, the G7 agreed to speed up the release of 100 million barrels from strategic reserves to alleviate pressure on energy markets. However, O’Leary cautioned that jet fuel prices would likely remain high, especially since they are closely tied to the diesel market, which is becoming tighter and experiencing record prices. The International Air Transport Association reported that Europe and the Commonwealth of Independent States had the highest average jet fuel prices, averaging $195.95 a barrel in the week ending October 2nd, more than double their level a year earlier. O’Leary projected that the premium on jet fuel over crude prices would persist for another 12 to 18 months, driven by attacks on Russian and Middle Eastern refineries, as well as constraints on tanker availability and refining capacity. Ryanair announced last month that it would reduce its winter flight schedule to mitigate the impact of higher fuel costs, lowering its full-year passenger target to 214 million from 216 million.",
  "summary": "Ryanair CEO Michael O’Leary expects Europe to have enough jet fuel through next summer, but warns that high prices will persist for another 12 to 18 months.",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/12850029.png",
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Ryanair chief says no Europe jet fuel shortages likely before summer 2027",
        "url": "https://urgent.news/2026/10/08/ryanair-chief-says-no-europe-jet-fuel-shortages-likely-before-summer",
        "published": "2026-10-08T09:52:00.000Z"
      },
      {
        "outlet": "Euronews Business",
        "title": "Ryanair CEO sees no European jet fuel shortages into summer 2027",
        "url": "https://urgent.news/2026/10/08/ryanair-ceo-sees-no-european-jet-fuel-shortages-into-summer-2027-12852243",
        "published": "2026-10-08T10:52:58.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}