Ryanair considers pay freezes and reducing crew on flights as fuel costs soar
Source: The Guardian ·
Airline also weighs up increasing use of AI as part of cost-cutting measures to offset impact of Iran warRyanair is considering cost-cutting measures including implementing pay freezes, reducing crew on flights and increasing the use of AI to offset soaring fuel costs because of the Middle East conflict.Europe’s biggest low-cost carrier said it expects European airlines to raise their ticket…
From the source
Ryanair is considering cost-cutting measures including implementing pay freezes, reducing crew on flights and increasing the use of AI to offset soaring fuel costs because of the Middle East conflict. Europe’s biggest low-cost carrier said it expects European airlines to raise their ticket prices by as much as 20%, as it anticipates its jet fuel costs will increase by about €2bn (£1.6bn) in its next financial year, which ends in March 2028. “Unless there is a swift resolution of the Middle East conflict we expect jet fuel prices to remain elevated well into 2027,” said Michael O’Leary, the chief executive of Ryanair. “While we believe European short-haul fares will increase materially to reflect these much higher jet-fuel prices and competitor capacity reductions, this is unlikely to provide a full offset for an estimated €2bn increase in our fuel bill.” The oil price hit a six-month high last Friday but fell on Monday to about $110 a barrel. Ryanair said it expects European…
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