Ryanair considers pay freezes and increased fares due to rising fuel costs
Ryanair's profits dropped 16 percent in the first half of the year due to a 15 percent surge in fuel costs, with revenues rising 3 percent to €10.08 billion. The company forecasts fuel costs will rise by €2 billion in 2027–2028 and expects high fuel prices through 2027. Ryanair plans a reduced winter schedule and may freeze employee salaries starting in April.
- Ryanair's profits decreased by 15 percent on the same six-month period last year.
- Ryanair expects fuel prices to remain high well into 2027.
- Ryanair is examining options to lower its costs
- The company's operating costs increased by 10 percent to 7.69 billion euros.
- Ryanair now forecasts transporting 214 million passengers for the fiscal year
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