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Ryanair's CEO says airfares might go up 20% because rising fuel costs are hurting airline profits.

ResultsRead the original at Benzinga
Bad for RYAAY

Ryanair's first-half profit fell as fuel and operating costs rose, and its CEO warned fares may not cover next year's fuel increase. A quarterly results beat, more passengers, and expansion plans help, but the profit decline and cost pressure point to a weaker outlook.

RYAAY · Ryanair Holdings plc

AI read · Bad for RYAAY

The AI's read

More passengers are flying Ryanair, yet lower fares and rising costs are cutting profit. Fuel and oil costs rose 15%, and operating profit fell 16%. Ryanair has covered about 80% of its fiscal 2027 fuel needs, but only 25% of its fiscal 2028 needs. The CEO also warned fares may not rise enough to cover the expected fuel-cost increase. New routes, aircraft that use less fuel, and strong cash reserves help, but they do not erase the profit decline and fuel risk.

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