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International Business Times
International Business Times
World

Airfares Will Spike If Oil Prices Continue To Climb, Top Industry CEO Warns

Oil United States Michael OLeary Ryanair
High oil prices could lead to higher airfares. (Credit: AFP)

Surging fuel prices could lead to higher airfares next year, according to one CEO.

Ryanair's CEO Michael O'Leary told Reuters Thursday that consumers should expect "significant" price increases driven by higher jet fuel prices if the price of oil remains elevated into next year.

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