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Ryanair boss warns of fuel supply risk: We have supplies until May. Then…

2026-04-23 23:09:24Kosova&Bota SHKRUAR NGA REDAKSIA VOX
Ryanair boss warns of fuel supply risk: We have supplies until May. Then…
Ryanair

Ryanair's chief executive, Michael O'Leary, has stated that the company and the European aviation market are facing uncertainty regarding the supply of jet fuel (kerosene).

According to him, currently supplies are only guaranteed until the end of May, while for the months of June, July and August there is still no complete certainty.

O'Leary stresses that there is no immediate shortage of jet fuel in Europe, as there are normally around 7 to 8 weeks of reserves. However, he warns that geopolitical tensions, particularly in the Middle East and the risk of a blockade of the Strait of Hormuz, could affect supplies and create partial shortages.

He adds that some oil companies are only giving guarantees until the end of May and that the situation for the summer remains unclear. Despite this, Ryanair has no intention of reducing the number of flights, as bookings for the spring are stable and only a slight decrease is observed for the summer, which he says is related to passengers' reluctance to make early bookings.

On the financial front, O'Leary predicts significant increases in fuel costs. In April alone, the company paid about $50 million more, and the same increase is expected in May. If oil prices stay around $150 a barrel for a year, the additional cost could reach up to $600 million.

He also warns that some UK airports could face fuel shortages if the situation continues, but assesses that the overall risk remains limited.

Regarding the industry, O'Leary criticized market uncertainty and the behavior of European institutions, saying that regulatory debates are harming the competitiveness of airlines. He calls for the reduction or harmonization of the carbon tax system (ETS) for aviation.

Ryanair, despite the uncertainties, plans further fleet expansion and passenger growth in the coming years, targeting over 220 million passengers in the period 2027–2028. / Corriere della Sera


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