Flights Across Europe Could Cost Soar Next Year as Airlines Face Fuel Crisis, Ryanair CEO Warns

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.