# #MichaelOLeary in the news

November 2, 2026 at 02:14 PM

> 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 Profits Drop 15% Amid Rising Fuel Costs](<https://austriareport.com/article/ryanair-profits-drop-15-amid-rising-fuel-costs-a55a2452>)
*November 2, 2026 at 02:14 PM* - CEO Michael O’Leary warns of higher ticket prices by 2027 as Ryanair reports a profit decline and lowers its annual passenger targets.

[Ryanair CEO Warns of 20% Fare Hikes by 2027](<https://austriareport.com/article/ryanair-ceo-warns-of-20-fare-hikes-by-2027-c26f4e9d>)
*October 20, 2026 at 10:37 AM* - 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](<https://austriareport.com/article/ryanair-to-cut-vienna-base-and-twelve-routes-1794b808>)
*October 7, 2026 at 08:32 AM* - Ryanair will withdraw four aircraft and cut 80 jobs in Vienna this winter, citing high airport fees and rising air traffic control costs.