Ryanair warns airfare hikes likely if oil prices stay high through winter months

Ryanair CEO Michael O'Leary warned that airfare prices from December to March could rise significantly if oil prices remain elevated, due to the high cost of jet fuel impacting the airline industry. While prices are expected to be slightly lower in the second quarter (July to September), the outlook for the winter months is uncertain and dependent on oil price trends. Rising oil prices, currently above $100 per barrel amid Middle East tensions, could force airlines to increase fares to cover fuel costs. Ryanair hopes to avoid significant fare hikes but is preparing for the possibility if fuel costs do not ease.