Business
Ryanair weighs pay freezes and crew cuts to offset €2bn fuel-cost surge
November 2, 2026 at 09:57 AM
Coverage
3 reports · 1 in Arabic, 2 in English · over 1 hour
TGThe Guardian
Ryanair considers pay freezes and reducing crew on flights as fuel costs soar
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SNSky News Arabia
"رايان إير" تطلق خطة لخفض التكاليف بهدف تعويض ارتفاع الوقود
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BNBBC News
Ryanair may freeze workers' pay as fuel prices spike
(opens the publisher’s site)Ryanair says it is weighing pay freezes, smaller crews and more AI use to offset a forecast €2bn rise in fuel costs.
- Ryanair said its jet fuel costs are forecast to rise by about €2bn in its next financial year ending in March 2028.
- CEO Michael O'Leary said fuel prices could remain elevated well into 2027 unless the Middle East conflict is swiftly resolved.
- CFO Neil Sorahan said all options are on the table, including wage freezes, as oil prices may keep rising for 12 months.
- Ryanair said it expects European airlines to raise ticket prices by up to 20% next year.
Market angle
- Higher oil prices raise the selling prices of refined oil products. — may benefit: Energy & support services
Not investment advice.