{"id":555805,"date":"2026-04-28T22:26:08","date_gmt":"2026-04-28T22:26:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/555805\/"},"modified":"2026-04-28T22:26:08","modified_gmt":"2026-04-28T22:26:08","slug":"european-airlines-will-fail-if-jet-fuel-costs-stay-high-ryanair-ceo-says-politico","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/555805\/","title":{"rendered":"European airlines will fail if jet fuel costs stay high, Ryanair CEO says \u2013 POLITICO"},"content":{"rendered":"

Airlines are already feeling the squeeze. Lufthansa said last Tuesday it would cut 20,000 short-haul flights<\/a> through October to save<\/a> \u201c40,000 metric tons of fuel,\u201d while SAS Scandinavian Airlines has canceled<\/a> around 1,000 flights in recent days and Air France-KLM has imposed a \u20ac100 surcharge<\/a> on long-haul tickets.<\/p>\n

“I think there will be failures,” O’Leary said. “If it continues at $150 a barrel into July, August, September, then you’ll see European airlines fail and that, in the medium term, would probably be good for Ryanair’s business.”<\/p>\n

U.S. President Donald Trump last Tuesday agreed to pause further strikes<\/a> on Iran at Pakistan\u2019s request, extending a fragile ceasefire. But he also made clear that Washington would maintain its blockade of Iranian shipping in the Strait of Hormuz, leaving the core supply disruption unresolved.<\/p>\n

O\u2019Leary said the pressure won\u2019t ease until shipping through the Strait of Hormuz resumes. \u201cIt needs to reopen as quickly as possible,\u201d he said.<\/p>\n

Brussels is scrambling to contain the wider energy shock. The Commission last Wednesday unveiled<\/a> its \u201cAccelerateEU\u201d plan, which includes measures to monitor jet fuel stocks and coordinate supply<\/a> across airlines and airports. These steps are aimed at preventing shortages, however, rather than directly addressing fuel prices.<\/p>\n","protected":false},"excerpt":{"rendered":"Airlines are already feeling the squeeze. Lufthansa said last Tuesday it would cut 20,000 short-haul flights through October…\n","protected":false},"author":2,"featured_media":555806,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[5138,84,1344,12624,3360,59,585,9084,56,54,158,55,636,163220],"class_list":["post-555805","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-airlines","tag-business","tag-energy","tag-energy-markets","tag-fuels","tag-gb","tag-iran","tag-israel","tag-uk","tag-united-kingdom","tag-united-states","tag-unitedkingdom","tag-war","tag-war-in-iran"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/555805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=555805"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/555805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/555806"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=555805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=555805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=555805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}