Source: International Business Times
Michael O'Leary, group CEO of low cost airline Ryanair, takes part in a press conference in London on Sept. 23, 2026. Getty Images European travelers could face airfares as much as 20% higher in 2027 as the war with Iran drives up jet fuel prices, with Ryanair's CEO warning that airlines are approaching a major increase in operating costs when existing fuel contracts expire.
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