European air fares could rise by as much as 20% in 2027, Ryanair boss predicts

European air fares could rise by as much as 20% in 2027, according to Ryanair's boss Michael O'Leary. This prediction is based on the current conflict in the Middle East, which is driving up the cost of jet fuel. Many airlines are not protected against these rising costs, which could lead to financial difficulties, including bankruptcies and takeovers. As a result, air travel prices are likely to increase significantly, affecting both consumers and the airline industry as a whole.

Why it matters

Conflict in the Middle East is increasing jet fuel costs, which could lead to higher air fares. This may benefit oil producers, but hurt airlines and consumers.

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