The chief financial officer of one of Europe’s most prolific low-cost airlines says the company has come up with a plan for a potential ‘armageddon situation’ triggered by high jet fuel prices as the Iran war drags on.
Neil Sorahan, CFO of RyanAir, said persistently high jet fuel prices may cause some airlines that were already struggling before the war to be hit even harder or potentially go out of business come winter. As for RyanAir, the company is prepared for even the worst possible situation if the conflict between the U.S. and Iran escalates.
