Ryanair Chief Sees 20% European Fare Rise in 2027

Buzzline

Airline executives say airfares could climb next year. Ryanair's chief executive says European fares could rise as much as 20 percent in 2027, calling it the biggest increase in history. US jet fuel reached 4.76 dollars a gallon on Monday, up 90 percent since late February, while Delta lowered its earnings forecast by nearly 25 percent. Delta says fares have already risen 20 percent this year, with limited customer pushback, offering context for planning future travel.  Disclosure: This video contains stock footage and content created or enhanced using AI-assisted tools.

Transcript

00:00Airline leaders say flights will cost more next year.

00:03Ryanair chief executive Michael O'Leary predicts European fares could rise by as much as 20% in

00:092027. He calls it the biggest increase in history. U.S. jet fuel reached $4.76 a gallon on Monday,

00:17up 90% since late February. Delta has cut its earnings forecast by nearly 25%,

00:22citing fuel costs. Delta says its fares are up 20% this year, with limited resistance from

00:29customers. The chief executive of IAG, the parent of British Airways, expects smaller and mid-sized

00:35airlines to struggle this winter. Some could disappear. A McGill University expert expects

00:40fuel to reach $225 a barrel by the end of December. United, American, and Southwest are

00:47scheduled to report earnings this week. Disclosure. This video contains stock footage and content

00:52created or enhanced using AI-assisted tools.

Category

Transcript

Recommended