Ryanair CEO Michael O’Leary is warning that European airfares could rise as much as 20% next year, potentially producing what he calls the biggest increase in the region’s history. I would not book a ticket simply because an airline CEO says prices are going up, but the reasons behind this warning deserve attention.

Ryanair Warns European Airfares Could Rise Up To 20% In 2027

Speaking in Brussels today, O’Leary predicted European fares would rise by 10% to 20% over the next year. His explanation involves two pressures: higher fuel costs and fewer seats following airline bankruptcies and consolidation.

Ryanair has substantial protection against fuel price increases through March 2027, with 80% hedged at $67 per barrel.…