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Ryanair CEO warns cheap European flights may end due to oil prices

By PulseAugur Editorial · [1 sources] ·

Ryanair's CEO, Michael O'Leary, has warned that the era of extremely cheap European flights may be coming to an end. While Ryanair has historically used fuel hedging to maintain low prices, the ongoing conflict in Iran and resulting high oil prices are putting pressure on the airline's ability to absorb costs. If oil prices remain above $100 a barrel into next year, O'Leary anticipates a significant increase in airfares across the industry, a situation that could impact even Ryanair's famously low-cost model. AI

RANK_REASON Commentary from an industry executive about potential future price changes based on geopolitical events.

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Ryanair CEO warns cheap European flights may end due to oil prices

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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Mia Osmonbekov ·

    Ryanair’s CEO warns travelers that cheap European flights may not last if oil remains above $100 a barrel into next year

    Ryanair’s fuel hedge softened the Iran war’s blow, but it still cut its winter flight schedule and anticipates higher ticket costs

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