Ryanair CEO Says Risk of Jet Fuel Shortages Easing Across Europe

Dublin: Ryanair CEO Michael O’Leary has said that concerns over jet fuel shortages in Europe, linked to the ongoing Middle East conflict, are beginning to ease.

Speaking after a conference call with fuel suppliers across Europe, O’Leary noted that companies are now more confident about supply levels. While earlier warnings suggested possible disruptions from early June, suppliers now indicate that fuel availability is secure at least until the end of June.

The remarks, reported by Reuters, also dismissed recent warnings from Sweden about potential shortages. O’Leary said the situation has improved significantly in recent weeks, reducing the immediate risk to airline operations.

However, he cautioned that some European carriers could still face challenges, particularly in markets heavily dependent on imports. The UK was highlighted as more vulnerable due to its reliance on fuel supplies from Kuwait, though major oil companies have reportedly assured intervention if shortages arise.

On pricing, O’Leary said there would be no increase in ticket fares, contrary to earlier expectations of a 4–5% rise for the financial year ending March 2027. While demand for last-minute bookings in April and May exceeded expectations, bookings for the June to September period have been weaker. As a result, the airline has opted to reduce fares slightly to stimulate demand.

Irish Samachar English News