Ryanair CEO warns summer 2027 airfares could rise 15-20% due to oil prices
UKPulse Money Desk
Ryanair's CEO, Michael O'Leary, has warned that airfares for summer 2027 could increase by 15 to 20 per cent if current oil prices persist. He also addressed delays in Boeing MAX 10 certification.
- Ryanair CEO Michael O'Leary stated that jet fuel costs could push summer 2027 fares up by 15 to 20 per cent.
- O'Leary hopes for a resolution to the delay in certification of Boeing MAX 10 planes, expecting it to be "a matter of days, not weeks or months."
- Ryanair plans to base three additional aircraft at Warsaw-Modlin airport as part of a $300 million investment.
Ryanair CEO Michael O'Leary has cautioned that airfares for summer 2027 may rise by 15 to 20 per cent if oil prices remain at their current levels, citing jet fuel costs. Despite this, O'Leary expressed optimism regarding demand for air travel.
Speaking in Warsaw, O'Leary also commented on the delayed certification of Boeing MAX 10 planes, stating he anticipates a resolution in "a matter of days, not weeks or months." He added that Ryanair still expects to receive the first 15 MAX 10 aircraft in spring 2027.
The airline, Boeing's largest European customer, will increase its fleet at Warsaw-Modlin airport to nine aircraft with three additional planes. This is part of a $300 million investment aimed at supporting a projected doubling of passenger numbers. Ryanair will also introduce 18 new flights from Warsaw's Modlin and Chopin airports during the winter season and is considering Poland for a new engine shop, with a decision expected by year-end.
Why this matters: The potential increase in airfares could affect travel costs for consumers planning holidays in summer 2027. Delays in aircraft certification could impact airline fleet expansion plans.
What this means for you: If you plan to travel by air in summer 2027, you may face higher ticket prices.