Story perspectives

Ryanair Rejects Fuel Surcharge as Fares May Rise 10%–20%

By Drooid · Sep 23, 2026, 11:01 PM UTC · How we work

Summary

Story summary

Ryanair CEO Michael O'Leary announced the airline will not impose a fuel surcharge despite higher jet fuel prices.
He warned European airfares could rise 10%–20% in the summer of 2027.
Ryanair cut its FY2027 passenger forecast to 214 million, down from 216 million.
The airline will reduce winter flights and add routes in Italy and Scandinavia to limit fuel exposure.
O'Leary criticised UK visitor taxes and blamed ATC snarls for £4-5 million losses.

History

Historical Context

In October 1973 OAPEC imposed an oil embargo that lifted crude prices from about $3 to nearly $12 per barrel, a four-fold jump. The shock forced airlines like Pan Am and British Airways to raise fares sharply, highlighting the clash between fuel costs and passenger price sensitivity. Ryanair’s 2027 decision to drop a fuel surcharge mirrors that legacy.

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Story summary

Ryanair CEO Michael O'Leary announced the airline will not impose a fuel surcharge despite higher jet fuel prices.
He warned European airfares could rise 10%–20% in the summer of 2027.
Ryanair cut its FY2027 passenger forecast to 214 million, down from 216 million.
The airline will reduce winter flights and add routes in Italy and Scandinavia to limit fuel exposure.
O'Leary criticised UK visitor taxes and blamed ATC snarls for £4-5 million losses.

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