{
  "id": 6635052,
  "title": "Ryanair’s CEO warns travelers that cheap European flights may not last if oil remains above $100 a barrel into next year",
  "url": "https://urgent.news/2026/09/10/ryanairs-ceo-warns-travelers-that-cheap-european-flights-may-not-last",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T19:53:31.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/09/10/ryanair-ceo-flights-jet-fuel-iran/"
  },
  "original_language": "en",
  "account": "Ryanair's CEO Michael O'Leary has warned that cheap European flights may become a thing of the past if oil prices remain above $100 per barrel into next year. Despite hedging the majority of its estimated fuel needs at a set price through March 2027, O'Leary said the company's plans could still be affected by the war in Iran and its impact on fuel prices. Currently, jet fuel averages $180 per barrel in Europe, up from $67 per barrel in July, according to the International Air Transport Association. As a result, Ryanair has cut its winter flight schedule and CFO Neil Sorohan has hinted at potential price increases to compensate for the rising fuel costs.",
  "summary": "Ryanair’s fuel hedge softened the Iran war’s blow, but it still cut its winter flight schedule and anticipates higher ticket costs",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}