London, Sept. 24 – Ryanair CEO Michael O’Leary confirmed the low-cost airline will not levy a fuel surcharge on passengers even as jet fuel prices climb across the aviation sector. The pledge aims to protect travelers from extra costs that other European carriers may introduce through higher airfares next summer. Ryanair reduced its passenger forecast from 216 million to 214 million for fiscal 2027 after limiting winter capacity to offset unhedged jet fuel expenses. O’Leary noted most airlines absorbed this summer’s oil price shock thanks to hedges but warned those protections will not last.
Global airlines face mounting pressure from spiraling jet fuel costs, with recent examples including airBaltic entering bankruptcy proceedings. Ryanair remains well positioned because of its hedging and low-cost model that continues to attract budget-conscious passengers seeking affordable flights. O’Leary predicted rivals will pass higher oil prices to customers via fuel surcharges or fare increases of 10 to 20 percent. He stated Ryanair will absorb the impact rather than add fees.
The CEO expects elevated fuel costs to accelerate airline failures and European industry consolidation into four major groups, including Ryanair. Loss-making carriers are likely to struggle first as capacity cuts become necessary at various airports. Ryanair is already discussing these risks with airport partners concerned about reduced flight schedules. Higher jet fuel prices could speed this process, according to O’Leary.
Travelers booking Ryanair flights can therefore expect no fuel surcharge while the airline maintains its competitive pricing approach. The decision supports passenger volume goals despite industry headwinds from energy markets. O’Leary expressed hope that faster price rises would hasten weaker competitors’ exit. This stance reinforces Ryanair’s focus on operational resilience and traveler value amid ongoing jet fuel volatility.