Ryanair weighs temporary pay freeze as fuel costs jump after Iran conflict
Ryanair is considering a temporary wage freeze for staff after a sharp rise in fuel costs linked to the US-Israel war with Iran. The airline said the increase has created a significant short-term cost shock and that it expects European airfares to rise as carriers try to recover some of the expense. It said the pressure on fuel prices could continue well into 2027 unless there is a swift resolution to the conflict.The carrier said its fuel bill is forecast to be €2bn higher in the short term, a figure that underlines the scale of the pressure on its operating... [Continue Reading]
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