European Airfares May Rise 20% as Ryanair Reviews Costs

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Ryanair's chief executive expects European airfares to rise as much as 20% next year as jet fuel prices climb amid conflict in the Middle East, AP reports. Jet fuel averaged about $99 a barrel before the war began, more than doubled to $209 by early April, and now hovers around $196, according to the International Air Transport Association. IATA expects fuel to account for nearly one-third of airline operating expenses this year, up from about a quarter in 2025. Ryanair is reviewing costs, including possible pay freezes.  Disclosure: This video contains stock footage and content created or enhanced using AI-assisted tools.

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00:00Flying in Europe could get a lot more expensive next year. Ryanair's chief executive expects

00:05European airfares to climb as much as 20% in 2027. The reason is fuel. Jet fuel prices have

00:12been extremely volatile since conflict broke out in the Middle East. Jet fuel averaged about $99

00:17a barrel the day before the war began. By early April, it had more than doubled to $209. Today,

00:24the global average hovers around $196 a barrel. Tight supplies of the refined fuel are adding to

00:31the pressure. Airline industry group IATA expects fuel to make up nearly a third of airline costs

00:37this year. That's up from about a quarter in 2025. Carriers have already cut some flights and raised

00:43fares and baggage fees. Ryanair doesn't expect fares to fully cover its higher fuel bill.

00:48So it's reviewing costs, including possible pay freezes and more use of AI. Disclosure,

00:53this video contains stock footage and content created or enhanced using AI-assisted tools.

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