Ryanair CEO predicts the biggest rise in European airfares in history

FinanceInternationalEuronews.comOct 21, 2026, 6:48 AM35 s readAI summary

Michael O'Leary, Ryanair's chief executive, expects European airfares to rise between 10% and 20% in 2027 due to higher fuel costs, environmental taxes and reduced capacity. He said that from April 2027 airlines will be largely unhedged on fuel and that 85% of Ryanair's fuel will be unhedged. The airline will cut 20 routes and 1.1 million seats in Belgium after the country's air tax rises from 2 to 7 euros.

In 35 seconds

O'Leary expects fare increases of 10%, 15% or up to 20% in Europe over the next 12 months
Ryanair will have 85% of its fuel unhedged in 2027 and its oil price is set to double
Jet fuel in Europe and the CIS averaged $207.61 per barrel, almost 128% more year on year

Read the full story at Euronews.com

IASummary generated by artificial intelligence from a story by Euronews.com. It may contain errors: the original source prevails.

Ryanair
aerolíneas
tarifas aéreas
combustible
aviación

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Ryanair CEO predicts the biggest rise in European airfares in history

In 35 seconds

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