- Ryanair group CEO Michael O'Leary confirmed the airline will not introduce fuel surcharges despite rising jet fuel costs, citing strong hedging until summer 2026.
- O'Leary predicted rival legacy carriers will be forced to levy extra fees and increase airfares next summer as protection from rising fuel prices ends.
- He anticipated that higher fuel prices will accelerate the failure of loss-making airlines, consolidating the European market into four major carriers.
- The statements follow O'Leary issuing a sincere and unreserved apology for previously comparing competitor airlines' high fares to rapists.
- He acknowledged that his careless choice of words during a Dublin press conference had caused considerable upset to victims and survivors of sexual violence.
IN FULL
