Ryanair CEO Forecasts Record European Airfare Rise as Fuel Costs Bite
Hospitality · Europe
Michael O'Leary said fares could climb 10 to 20 percent next year as airlines stay largely unhedged against jet fuel and capacity shrinks.
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Hospitality · Europe
Michael O'Leary said fares could climb 10 to 20 percent next year as airlines stay largely unhedged against jet fuel and capacity shrinks.
Carriers are raising fares and holding back expansion as jet fuel stays expensive, with demand expected to weaken once inflation eats into household budgets.
Carriers warn they must raise fares again, slow expansion and cut aircraft as jet fuel stays expensive after the Iran conflict, while inflation squeezes passengers.
Major hotel, pub and restaurant groups have committed to paid roles, work experience and training for 18 to 24-year-olds over the next three years.
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