Ryanair CEO warns fares could rise by up to 20% in 2027 as fuel bill jumps by $2.2 billion

Michael O'Leary, CEO of Ryanair, told CNBC that European airlines may face significantly higher airfares of up to 20% in 2027 as fuel costs rise. O'Leary attributed the potential increase to a projected $2.2 billion jump in fuel bills for the airline. Ryanair operates flights across Europe with a low-cost business model.

• CNBC — Ryanair CEO warns fares could rise by up to 20% in 2027 as fuel bill jumps by $2.2 billion

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