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Ryanair says it may freeze workers' pay and raise airfares

Image: BBC Business

Ryanair is considering a temporary wage freeze for staff and confirmed airfares will be "materially higher" next summer because of a sharp rise in fuel costs following the US-Israel war with Iran.

The airline said it expects fuel prices to remain high "well into 2027" unless there is a "swift resolution" to the conflict.

Ryanair said its fuel bill is forecast to be €2bn (£1.6bn) higher in the short-term and its boss, Michael O'Leary, said airfares would have to rise by "double-digits" to help cover the cost.

But the firm said that was unlikely to be enough and it is looking into pay freezes.

Continue reading at BBC Business

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