Ryanair CEO Michael O’Leary hints at fare cuts after ‘significantly’ hedging low fuel prices

Irish budget airline Ryanair Chief executive Michael O'Leary holds a press conference in Lisbon on February 5, 2025. The Irish airline Ryanair is considering reducing its operations at French airports if France increases taxation on plane tickets as planned in the 2025 budget, CEO Michael O'Leary warned today. (Credit: PATRICIA DE MELO MOREIRA/AFP via Getty Images)

Donald Trump’s tariff war has sent markets spiraling and threatens to upend global supply chains. But if you’re Ryanair CEO Michael O’Leary, a potential global economic crisis is just another profit-making opportunity.

O’Leary told the Financial Times that Ryanair had “very significantly extended” its fuel hedges over the coming two financial years at “dramatically lower oil prices.”