Ryanair chief says kerosene prices will stay about 50% above normal for 12‑18 months
Michael O'Leary told an A4E press conference that kerosene costs are currently about 50 percent higher and are expected to remain high for the next 12 to 18 months.
He said the rise is linked to the Iran war and noted that while airlines are well hedged, the price volatility has already forced capacity cuts and cost‑saving measures.
Why it matters
The sustained fuel price surge creates a major cost challenge for airlines and has already triggered capacity reductions and savings initiatives.
Based on 1 report
How we use AI · Report an error
