Ryanair has ‘near-zero concerns’ on fuel shortages but warns of future price rises

Ryanair says it expects flight prices to be ‘broadly flat’ on last summer. Photograph: Simon Leigh/Alamy

Ryanair said it has “almost zero concerns” about its jet fuel supplies this summer amid fears over widespread cancellations linked to the Iran war but warned that holidaymakers booking their flights later this year could face higher fares.

The budget airline’s chief executive, Michael O’Leary, said Europe had now found plenty of alternative sources of jet fuel, but persistent consumer uncertainty had led to lower summer bookings than usual, keeping fares down.