Ryanair's O'Leary says jet fuel cost set to remain high for the next 12 to 18 months
Ryanair's O'Leary says jet fuel cost set to remain high for the next 12 to 18 months BRUSSELS, Oct 8 (Reuters) - The cost of jet fuel is likely to remain high for the next 12 to 18 months, Ryanair RYA.I Group Chief Executive Michael O'Leary told reporters on Thursday, but he stressed that he does not expect fuel supply to run out anytime soon.
O'Leary's comments were made during an Airlines for Europe (A4E) press conference, which included the CEOs of Air France-KLM AIRF.PA, Lufthansa LHAG.DE, easyJet EZJ.L and British Airways-owner IAG ICAG.L.
(Reporting by Julia Payne and Joanna Plucinska)
((joanna.plucinska@thomsonreuters.com, +44 7721 669853))
Recent news on International Consolidated Airlines
See all newsJet fuel crunch puts 2027 earnings at risk for European airlines, JPM says
Barclays sours on European airlines on fuel price worries, cuts Ryanair, Norwegian
Ryanair's O'Leary says 'insanely higher' jet fuel cost could remain into 2028 (updated)
Ryanair's O'Leary says jet fuel cost set to remain high for the next 12 to 18 months
Spanish stocks - Factors to watch on Oct 5