Ryanair considers pay freezes and reducing crew on flights as fuel costs soar
Ryanair says European short-haul fares could'increase materially' next year. Ryanair says European short-haul fares could'increase materially' next year. Ryanair is considering cost-cutting measures including pay freezes, reducing crew numbers on flights and increasing the use of AI to offset soaring fuel costs driven by the Middle East conflict . Europe's largest low-cost carrier said it expected European airlines to raise ticket prices by up to 20%, with its own jet fuel costs forecast to rise by about €2bn (£1.6bn) in its next financial year, which ends in March 2028. "Unless there is a swift resolution of the Middle East conflict we expect jet fuel prices to remain elevated well into 2027," said Michael O'Leary, the chief executive of Ryanair .
Nov-2-2026, 09:06:51 GMT
- Country:
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- Energy > Oil & Gas
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