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 Ryanair Holdings
See all newsBrief: Ryanair Granted Planning Approval For €50 Mln Expansion At Shannon Airport
United Airlines profit outlook well below estimates, hit by fuel costs (updated)
Ryanair CEO tells Europe to ready for biggest airfare hike in history (updated)
Ryanair optimistic Boeing MAX 10 certification will be done in October
Ryanair Holdings PLC Ryanair Holdings-RYA - Holding(s) in Company