Airfares may rise – warning from Ryanair CEO

Ryanair CEO Michael O'Leary has warned of a possible increase in airfares in 2027 due to high fuel prices. Brent crude has exceeded $100 per barrel amid the US-Iran conflict. It is also reported that SAS will return to the Israeli route from October 26 with four weekly flights.

Ryanair CEO Michael O'Leary has warned that airfares could rise next year if fuel prices remain high. The main driver of rising energy costs is the conflict between the US and Iran. Against this backdrop, Brent crude has exceeded the $100 per barrel mark for the first time since July, having risen by about a quarter since the beginning of August. Leading global banks, including Goldman Sachs and HSBC, have already raised their oil price forecasts. The article also reports that Scandinavian airline SAS plans to return to the Israeli route with the start of the winter schedule. From October 26, the carrier will resume direct flights from Copenhagen to Ben Gurion Airport. The route will offer four weekly flights. SAS will use the Airbus A320neo for these flights. Passengers will be offered economy and business class. In October 2025, the airline restored direct service to Tel Aviv for the first time in over ten years, but soon suspended flights again due to a deterioration in the security situation in the region.