{
  "id": 12852243,
  "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",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-08T10:52:58.000Z",
  "source": {
    "name": "Euronews Business",
    "slug": "euronews-business",
    "url": "https://www.euronews.com/2026/10/08/ryanair-ceo-sees-no-european-jet-fuel-shortages-into-summer-2027"
  },
  "original_language": "en",
  "account": "Ryanair's CEO, Michael O’Leary, confidently stated on Thursday that he doesn't envision any jet fuel shortages in Europe this winter or through summer 2027, despite the ongoing Iran war disrupting supply chains. During a press conference organized by Airlines for Europe (A4E) in Brussels, O’Leary made these remarks, expressing that no unforeseen event could disrupt European jet fuel availability in the foreseeable future. Although he acknowledged persistently high fuel costs, reassuring airlines and passengers about the situation, O’Leary pointed out that lower seasonal demand from November and increased imports from Asia would sustain European supply throughout the coming months. Kpler data revealed that nearly 900,000 tonnes of Asian-produced jet fuel were scheduled to arrive in Europe over this period, but these shipments are unlikely to significantly alleviate the price-related issues. Analyst George Shaw of Kpler noted that jet fuel will likely remain subject to higher prices, primarily due to its strong correlation with the tighter and record-pricing diesel market. The European Commission also affirmed on September 8th that EU refinery output and alternative imports were successfully meeting European jet fuel demand, although further Middle Eastern disruption could tighten supplies. Meanwhile, the G7 recently agreed to speed up the release of 100 million barrels from strategic reserves to ease energy market pressure. The International Energy Agency confirmed that these barrels are part of the March-agreed emergency stock release, with members supporting the acceleration of remaining releases and prioritizing diesel due to tight supplies. European and CIS jet fuel prices have surged faster than crude prices since the war commenced, reaching $195.95 a barrel in the week ending October 2nd, more than double their levels from a year ago. Despite a 1% decrease that week, the global jet fuel premium over crude remained roughly three times its year-earlier level, highlighting the substantial price gap driven by refinery attacks, tanker availability constraints, and refining capacity limitations. O’Leary predicted that this premium would persist for another 12 to 18 months, attributing it to ongoing attacks on Russian and Middle Eastern refineries. In response to the soaring fuel costs, Ryanair announced in September that it would reduce its winter flight schedule, lowering its full-year passenger target to 214 million from the initial 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": null,
  "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",
        "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",
        "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."
}