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2026-10-20 16:00:35Biznes SHKRUAR NGA REDAKSIA VOX

Ryanair Holdings plc chief executive Michael O'Leary predicted a record rise in airline ticket prices in Europe next year as the war in the Middle East continues to push up oil prices, forcing airlines to pass on fuel costs to consumers.

Ticket prices are expected to rise by up to 20% next year, O'Leary said Tuesday during a news conference in Brussels. As a result, airlines' profits will shrink because even increased fuel surcharges will not offset the higher oil bill, he said.

“You’re going to see the biggest increase in aircraft prices, I would say, in history in Europe in the next 12 months,” O’Leary said. “The question is, will this increase in aircraft prices be enough to cover the dramatically higher oil bills? I don’t think it will be.”

The comments from the head of Europe's largest low-cost carrier add to the increasingly pessimistic outlook for the aviation industry, which has been forced to grapple with a dramatic rise in costs, even as travelers continue to spend heavily on plane tickets.

O'Leary said most European airlines, including his own, do not have significant protection next year to protect themselves from higher oil prices. In addition, there is less capacity in the market as some airlines struggle, while higher taxes are further darkening the outlook for the industry.

"We are 85% vulnerable next year, and most other European airlines are in a similar position," he said.

The CEO used his tough-talking press conference to speak out against regulation in markets like France and Belgium, where Ryanair will reduce its footprint in response to higher taxes.

He reiterated that the European aviation industry will continue to consolidate as weaker players struggle to survive in a high-cost environment.

Air Baltic Corp and Spain's Volotea are the latest European carriers to undergo restructuring as higher costs take their toll. Last week, Deutsche Lufthansa AG won a bid against Air France-KLM to buy a stake in Portuguese state-owned carrier TAP.

Meanwhile, American private equity firm Apollo Global Management Inc is preparing the ground to take control of EasyJet plc.

Airlines around the world have been affected by the significant increase in jet fuel costs since the start of the war in Iran at the end of February.

Ryanair's latest financial data, published in July, showed that the conflict has negatively impacted the company's profits and led to bookings being postponed, due to concerns over fuel availability.

In a separate statement, O'Leary said he aims to receive the first delivery of Boeing Max 10 aircraft in January, with about 16 more aircraft expected by April. ( Kapitali.al )


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