BusinessPhoto: Mint CompaniesRyanair Warns of 20% Fare Hike and Considers Employee Pay Freeze
Ryanair plans to raise airfares in Europe by up to 20% in 2027 due to soaring aviation fuel costs and the impact of the Middle East conflict. CEO Michael O'Leary warned jet fuel prices may stay high unless the conflict involving the US, Israel, and Iran resolves quickly. The airline may also freeze employee wages, slow recruitment, and cut costs to manage a €2 billion fuel expense increase.
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