Ryanair CEO Michael O'Leary said the budget airline will not impose fuel surcharges on passengers despite soaring jet fuel prices, even as he warned that competing European carriers could raise fares by as much as 20% next summer and that more airlines could collapse under mounting financial pressure.
Speaking to reporters on Wednesday, O'Leary said Ryanair is in a strong position to withstand higher fuel costs and predicted that the industry's ability to absorb the impact of elevated oil prices would deteriorate significantly in 2027. "Ryanair will not levy a fuel surcharge, but the legacy guys certainly will next summer," O'Leary said.
