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Ryanair warns airfares could rise as jet fuel costs surge

The company’s chief executive said rising jet fuel costs are squeezing the airline industry and may translate into higher fares for travelers.

Reported · Written up by our desk · Europe

Ryanair’s CEO said the airline should brace for a significant uplift in airfares, pointing to surging jet fuel costs as a key driver.

According to CNBC World, the increase in oil prices is continuing to squeeze airline profitability, which can pressure carriers to pass higher fuel expenses on to customers.

The warning underscores how volatile energy prices are feeding through to travel pricing, with Ryanair signaling that fare increases may be part of the near term response.

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