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Business · 1 hour ago

Ryanair warns airfares could rise if oil prices stay high, warns Ryanair CEO

Ryanair warns airfares could rise if oil prices stay high, warns Ryanair CEO

Ryanair's boss said air ticket prices might see a "significant uplift" next year if oil costs remain high. Michael O'Leary told reporters on Thursday that while prices could be slightly down from July to September, the outlook for later quarters is uncertain. Brent crude oil stayed above $100 a barrel due to Middle East tensions.

Reported by CNBC · How we write briefs

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