The Guardian | Ryanair ‘confident’ it will avoid jet fuel shortage but warns of future fare rises by Lauren Almeida
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Ryanair said it is increasingly confident that it will avoid a jet‑fuel shortage this summer despite Middle‑East tensions, but warned that passengers who wait to book later in the year could face higher fares as airlines keep prices broadly flat compared with last summer. CFO Neil Sorahan noted that recent fare drops of a mid‑single‑digit percentage reflect strong demand and longer booking windows, while the airline’s record €2.26 billion profit is tempered by uncertainties over fuel costs, rising EU environmental taxes and wage pressures, prompting a suspension of its 2027 guidance. Ryanair has hedged about 80 % of its fuel needs to April 2027 and flagged an expected €300 million rise in environmental taxes, and it is currently negotiating an extended contract for CEO Michael O’Leary that would allow him to buy 10 million shares at market price pending ambitious profit or share‑price targets. Shares fell roughly 4 % in early trading, continuing a broader decline this year.
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