Ryanair CEO warns European airlines face failure over high jet fuel prices

The CEO of Ryanair, Michael O'Leary, has indicated that several European airlines could face collapse if jet fuel prices do not decrease. He noted that many smaller airlines are without hedges for their fuel costs. O'Leary previously stated that there was a receding risk of a jet fuel shortage in Europe. He also highlighted that the UK is Europe's most vulnerable market to jet fuel disruption. This article is intended for informational purposes only. It does not constitute investment advice.