US Top News and Analysis | Ryanair’s O’Leary warns European airlines could fail if jet fuel price doesn't fall AI generated summary, Read the full article for complete information. Ryanair chief Michael O’Leary warned that many European airlines could face “real financial difficulties” or even fail if jet‑fuel prices remain elevated through the summer. Speaking to CNBC at the Norges Bank Investment Management Conference in Oslo, he noted that Ryanair has hedged about 80 % of its fuel, insulating the carrier from the recent surge in Jet A‑1 prices—from roughly $80 a barrel in March to about $150 now after the Strait of Hormuz blockade. O’Leary said that if prices stay at this level into July, August and September, competitors lacking similar hedging will struggle, while Ryanair would benefit. He added that the airline can guarantee no price increases or fuel‑related surcharges for customers despite ongoing supply concerns. Read more: https://www.cnbc.com/2026/04/28/ryanair-ceo-oil-europe-airlines-fail-jet-fuel.html #MichaelOLeary #Ryanair #CNBC #MichaelOLeary