kabarsula Ryanair CEO Michael O’Leary warns of ‘biggest’ airfare hike in history bandar SLOT INDONESIA
The CEO of Ryanair has warned that Europe will face the ‘biggest airfare’ in history with airlines largely unhedged against higher jet fuel costs.
O’Leary said fewer seats would be available next year due to bankruptcies and takeovers among airlines. This could lift fares by as much as 20 per cent.
“You’re going to see airfares rise next year in Europe, I think by 10, 15, maybe 20 per cent. You’re going to see the biggest increase in airfares, I would say, in history in Europe for the next 12 months,” O’Leary is reported as saying at a news conference in Brussells.
Whilst European airlines, including Ryanair, had strong hedge positions in 2026, most airlines had little hedging in place from April 2027.
O’Leary announced that he was cutting 20 routes and more than a million seats from Belgium after Belgium moved to increase its aviation tax to €7 in January.
The CEO also said he was optimistic that US certification of the Boeing 737 MAX 10 will be completed this month. This means Ryanair will add 16 planes in early 2027.
“Boeing are hoping to have the MAX 10, the new aircraft, certified before the end of October … We’re pretty optimistic that that date will be hit,” O’Leary told Reuters.
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