Source: International Business Times
Ryanair CEO Michael O’Leary said European airlines will fail if the price of jet fuel remains at current levels. Ryanair CEO Michael O'Leary said European airlines will fail if the price of jet fuel remains at current levels. Speaking to CNBC, O'Leary said his airline is protected because it had hedged 80% of its fuel but noted that others could face "real failures.
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