Ryanair CEO Warns Sustained High Oil Prices Could Pressure Profits in Next 12 Months

GateNews

According to Ryanair CEO Michael O’Leary at a press briefing, the airline expects no disruption to aviation fuel supply in Europe this summer but warned that sustained high oil prices could pressure profits in the coming 12 months. Ryanair, Europe’s largest carrier by passenger volume, plans no flight cancellations this summer but will continue cutting fares to stimulate demand amid customer hesitancy over holiday bookings.

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