Ryanair warns of possible pay freeze and fare hikes as fuel costs could surge
The airline said it may freeze staff wages and raise ticket prices if fuel costs climb sharply.
The airline said it may freeze staff wages and raise ticket prices if fuel costs climb sharply. BBC reported the carrier warned that fuel expenses could increase by €2bn in 2028 unless the US‑Israel war with Iran ends. The statement suggests that higher operating costs could be passed on to both employees and travelers. Ryanair did not give a timeline for any decision, but the potential measures highlight the financial pressure the airline faces from rising energy prices linked to the conflict.
The airline’s warning comes as it evaluates how to manage the projected cost surge while maintaining profitability.
Why it matters
Higher fuel costs could lead to reduced earnings for Ryanair staff and higher fares for passengers.
Key details
- Location
- United States · Americas
- Reported by
- BBC News
- First reported
- Key names
- US-Israel, Iran
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at BBC NewsSpotted an error? Request a correction · How this summary was produced
Related Stories
What we know about latest efforts to end US war on Iran
The foreign ministers of the US and Iran say a diplomatic end to the war is still possible.
Democrats face key Senate battles from Texas to Maine amid price hikes and Iran war
Democrats are fighting to retain control of the U.S. Senate as a slate of pivotal midterm races unfold, Al Jazeera English reported.
Iran’s calculations as US escalation looms: Trust, midterms, Hormuz
Tehran remains firm on demands despite diplomatic urgency to prevent escalation in the ongoing US-Israeli conflict.
Hegseth heads to Manila to shore up US ties with Asia-Pacific partners
The Iran war and Trump's criticisms of allies have led Asia-Pacific countries to recalibrate their calculations.
Australia braces for fifth rate hike as economy heads for sharper slowdown
The Guardian reported that Australia’s central bank is expected to raise interest rates for a fifth time on Tuesday, a move that would push the cash…
Christmas donations gift demand up, charities say
Charities collecting Christmas presents for struggling families say demand has gone up.
Christmas shoebox appeal launches to help children
A gift-filled shoebox campaign launched for children who would otherwise go without this Christmas.
Million-dollar fish caught by Darwin man ‘just fishing and talking’ at night with brother
Matthew Maurice, a 26-year-old from the Northern Territory, had finished football training and decided to take a boat out on Thursday evening with…