European air fares could rise by as much as 20% in 2027, Ryanair boss predicts
Conflict in Middle East is pushing jet fuel costs higher and many carriers are not hedged against such increases, Michael O’Leary saysRyanair’s chief executive has predicted a record increase in European air fares next year, as airlines grapple with fuel…
By · October 20, 2026 · 1 min read
This article was originally published by
The Guardian World
and is republished here under license.
Conflict in Middle East is pushing jet fuel costs higher and many carriers are not hedged against such increases, Michael O’Leary says
Ryanair’s chief executive has predicted a record increase in European air fares next year, as airlines grapple with fuel bills pushed higher by the Middle East conflict.
Many carriers are not hedged against rising jet fuel costs, Michael O’Leary said, which he predicted would lead to airline bankruptcies and takeovers. He forecast these pressures would result in the price of plane tickets rising by as much as 20%.
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