Ryanair Profits Drop 15% Amid Rising Fuel Costs
- CEO Michael O’Leary warns of higher ticket prices by 2027 as Ryanair reports a profit decline and lowers its annual passenger targets.
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Ryanair Profits Drop 15% Amid Rising Fuel Costs · Ryanair CEO Warns of 20% Fare Hikes by 2027 · Ryanair to Cut Vienna Base and Twelve Routes
Ryanair CEO Warns of 20% Fare Hikes by 2027
- Michael O'Leary projects sharp European airfare increases due to rising fuel costs, market consolidation, and higher Belgian flight taxes.
Ryanair to Cut Vienna Base and Twelve Routes
- Ryanair will withdraw four aircraft and cut 80 jobs in Vienna this winter, citing high airport fees and rising air traffic control costs.