Michael O'Leary (businessman)

Irish businessman, CEO of Ryanair Group

64 stories

65 quotes

Historically, jet fuel was about somewhere between 10 percent and 15 percent more expensive than Brent crude. It's currently running at about 50 percent more expensive,
There is no question, I think, over availability of jet fuel in Europe this winter, or frankly into next summer either, unless there's some unforeseen event,
There’s real pain for passengers next year because of higher oil prices and, at the same time, Europe is extending ETS [the Emissions Trading System],
We don’t know the extent of the issue, but we don’t believe it is significant or there will be a substantial delay,
I very much hope that jet [fuel] prices will rise faster into next year because that will accelerate the extent to which other airlines will fail,
Most of the airlines were well hedged into the summer of 2026, and therefore we absorb the kind of shock of the much higher oil prices this summer,

Earlier

Easter holidaymakers cancel trips to Dubai amid Iran conflict: Brit tourists rebook getaways to western Europe as demand soars for Portugal, Italy, Spain and Caribbean

Daily Maildailymail.co.uk/travel/article…

Travel industry experts are warning over the availability of flights and holidays as those whose trips were cancelled due to the war scramble to rebook and those yet to book head for the same destinations

BBCbbc.com/news/articles…