Ryanair warns air fares in Europe will jump next year if oil price stays high

Budget carrier says airlines could go bust as it cuts passenger targets to reduce exposure to ‘unhedged winter oil’ Business live – latest updates Ryanair has warned that air fares in Europe will jump next year if the oil price remains high and that some airlines could go bust.…

Ryanair has warned that the price of jet fuel could soar next summer, threatening some of its European competitors with collapse. The budget airline said it has taken emergency measures to protect itself from the higher jet fuel prices caused by the Iran war, trimming its…