Ryanair CEO anticipates European airfare prices up as much as 20% next year as jet fuel prices rise
Business
Finance
November 4, 2026
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The CEO for Ryanair expects European plane ticket prices may climb as much as 20 per cent next year with the conflict in the Middle East ongoing.
“So we’re facing 2027 where we have much higher oil prices... I think they’re going to get passed on in significantly higher airfares,” CEO Michael O’Leary said in a Monday interview on CNBC.
The price of jet fuel has been extremely volatile after the US and Israel launched attacks on Iran.
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