Economy · World
Ryanair CEO Warns of Rising Airfares Due to Soaring Oil Prices
Ryanair's CEO has cautioned travelers to expect a significant increase in airfares. This warning comes as oil prices continue to soar, with the CEO noting that if oil remains above $100 a barrel into next year, higher ticket costs are anticipated. While Ryanair's fuel hedge has mitigated some of the impact from events like the Iran war, the airline has still reduced its winter flight schedule. The CEO advised passengers to prepare for this 'significant uplift' in prices.
How outlets across the spectrum covered it
L 0 C 2 R 0
- Centre (2): CNBC, Fortune