Ryanair Warns of Fare Hikes, Airline Failures Amid Fuel Crunch
Ryanair has expressed confidence in avoiding jet fuel shortages but warned of future fare increases and the potential for weaker European airlines to fail due to the ongoing fuel crisis. The company reportedly has an "Armageddon" plan in place for such a scenario.
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Ryanair ‘confident’ it will avoid jet fuel shortage but warns of future fare rises
Airline says travellers are leaving it longer to book and those buying flights later this year could face higher prices Business live – latest updates Ryanair is “confident” it will not face a jet fuel shortage this summer amid fears over widespread cancellations linked to the Iran war, but warned holidaymakers booking their flights later this year could face higher fares. Neil Sorahan, the chief financial officer at the budget airline, said he was “increasingly confident that we will not s...
By Lauren Almeida
Read full article →Ryanair has plans for 'armageddon' scenario as CFO warns weaker European carriers may not survive jet fuel crunch
Ryanair said it has plans for an "armageddon situation," amid the jet fuel crisis.
Read full article →Ryanair says risk of fuel shortages receding
Ryanair has warned that consumer anxiety surrounding the US-Israeli war on Iran is likely to wipe out any growth in fares in the peak summer months, but the threat of fuel shortages is receding as suppliers adapt to the closure of the Strait of Hormuz.
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