Ryanair CEO Michael O'Leary predicts a rise in air ticket prices in Europe by 10–20% in 2027. The company had previously warned about increases in flight prices by summer, and now its leader has named the possible scale of changes. This is reported by Euronews.
According to O'Leary, European aviation may face the most significant price increase in its history. He primarily attributes this to more expensive aviation fuel, as well as taxes and a potential reduction in the number of available seats.
Why air tickets may become more expensive in 2027
The Ryanair leader explained that until the end of 2026, many carriers are protected by contracts that allow them to lock in fuel prices in advance. This mechanism is known as hedging. However, from April 2027, this protection will significantly decrease.
According to O'Leary, next year approximately 85% of Ryanair's fuel needs will remain unprotected. The company will have to purchase a significant portion at market prices, so increases will directly impact its costs.
According to data from Euronews citing IATA, a week before October 16, aviation fuel in Europe and the CIS countries cost an average of $207.61 per barrel. This is almost 128% more than a year earlier. The rise is associated with the war in Iran and supply disruptions through the Strait of Hormuz.
At the same time, Ryanair's CEO's forecast does not mean a uniform increase on every route. The final price will depend on demand, competition, and the availability of seats. The company is already adjusting its network, including reducing winter flights.
Ryanair cuts flights from Belgium due to taxes
Separately, O'Leary criticized European aviation fees. In Belgium, starting from January 2027, this tax is expected to rise from 2 to 7 euros. Ryanair explains this decision by removing 20 routes and 1.1 million seats from its winter schedule.
The airline also plans to relocate six aircraft to European markets with lower costs. According to O'Leary, additional pressure on prices will be created by the bankruptcies and acquisitions of carriers, which may lead to a reduction in the number of available seats.
At the same time, Ryanair continues to open routes in other markets: the carrier has already announced new flights for summer 2027. Thus, changes will depend on the specific airport and route, and the forecast for price increases remains an estimate by the company's leadership.