Ryanair may freeze workers' pay as fuel prices spike
Summary
Ryanair is considering a temporary wage freeze to help cover a sharp increase in fuel costs linked to the US-Israel war with Iran. The airline expects fuel prices to stay high well into 2027 unless the conflict is resolved quickly, and says higher fares may not cover the extra expense.Key Facts
- Ryanair forecasts its fuel bill will rise by €2bn in the short term.
- The airline is considering temporary pay freezes among several cost measures.
- Ryanair expects European airfares to increase to help cover higher fuel costs.
- The company said fuel prices could remain high well into 2027 without a swift resolution to the conflict.
- The BBC contacted Unite, the union representing Ryanair employees, for comment.
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