Ryanair CEO warns EU airfares set to surge as fuel hedges expire

Ryanair CEO Michael O'Leary has warned that expiring fuel hedging contracts and high energy prices could trigger significant airfare increases across the EU next year. Airlines may be forced to reduce capacity as they lose protection against volatile fuel costs. The warning signals potential cost pressures on European consumers and the aviation sector.

Byte's take

Budget airlines' cost shelter expires just as energy stays expensive—passengers pay the difference. Ryanair's hedging contracts run out next year while fuel costs remain elevated, threatening fare hikes across EU routes and reduced capacity.