Ryanair CEO Michael O'Leary told CNBC that European airfares will rise significantly next year, by 10% or even 20%, as fuel hedges expire amid unresolved Middle East tensions. In the first fiscal half, the budget carrier's profit fell 15% to €2.15 billion ($2.3 billion), as the price of its 20% unhedged jet fuel doubled. Ryanair does not expect increases in short-haul fares to fully offset an estimated €2 billion rise in fuel charges, so it is launching a cost review that includes reducing crew rations, a potential temporary pay freeze and greater use of AI for efficiencies.
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Related tickers and likely impact
VJC
▼ Likely negativeVietjet Air
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Travel & Leisure |
| Industry | Airlines |
| Market cap | 101,213 bn VND |
| P/E | 46.5 |
| P/B | 3.84 |
| Close on 11/02/2026 | 132.30 |
| Change that session | +0.53% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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