Ryanair announces that tourists who book their flights later this year may pay more

Ryanair warns that tourists who book their flights later this year may pay higher fares, according to statements from CEO Michael O'Leary. Although Europe has found sufficient alternative fuel sources, consumer uncertainty has led to a decrease in bookings for the summer season, keeping ticket prices at a low level.

O'Leary mentioned that Europe has enough fuel stocks, but costs could rise by 5% if prices remain high. The company has covered 80% of its fuel needs until 2027 at a price of $67 per barrel. Although demand is strong, tourists are postponing bookings, which affects the visibility of prices for the July-September period. Ryanair reported a record net profit but suspended estimates for the financial year 2027 due to uncertainties related to fuel costs and wages.