European air fares could rise by as much as 20% in 2027, Ryanair boss predicts

Rising jet fuel prices driven by Middle East conflict are squeezing airlines, with many failing to hedge against cost spikes. Industry leaders warn the financial strain could trigger airline collapses and mergers, as fuel expenses climb unchecked. A major European carrier executive has signaled airfares could surge significantly next year, marking a sharp increase for travelers. The combination of unprotected fuel costs and geopolitical instability is reshaping the aviation market.

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 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%. Continue reading...