Ryanair Plans Double-Digit Airfare Hikes Across Europe Next Year

Budget airline Ryanair plans to raise airfares across Europe next year. Fares will likely increase by double-digit percentages in 2027. High fuel prices driven by the Middle East war caused this change.

Chief executive Michael O'Leary said jet fuel costs will stay high. The airline expects its annual fuel bill to rise by 2.0 billion euros next year. Ryanair has already cut its winter flight schedule to save money.

For travelers in Copenhagen and Stockholm, cheap flights across Europe will become significantly more expensive. Other airlines will likely raise prices too. Financial analysts warn passengers to prepare for sharp cost increases.

Ryanair reported a six percent drop in second-quarter profit to 1.61 billion euros. Revenue grew four percent to 5.7 billion euros. Passenger traffic grew five percent, but average fares dropped two percent.

The carrier locked in 80 percent of its fuel needs this year at 67 dollars per barrel. For next year, it secured only 25 percent at 95 dollars per barrel. The original report was published by The Local Sweden.