Ryanair CEO Flags $150 Jet Fuel Risk

Ryanair CEO Michael O’Leary warned that sustained jet fuel prices around $150 per barrel through summer could push European airlines into bankruptcy.
Ryanair has hedged 80% of its fuel costs and can keep fares and fuel surcharges unchanged despite the high price environment.
Jet A‑1 fuel rose from about $80 per barrel in March to $150 per barrel after the Strait of Hormuz blockade, raising sector concerns.
O’Leary made the remarks at the Norges Bank Investment Management Conference in Oslo and noted UK supply issues have now improved.