05:16 AM EDT, 10/20/2026 (MT Newswires) -- Michael O'Leary, chief executive officer of Irish budget airline Ryanair (RYA.IR), forecast European air fares to rise as much as 20% in 2027 amid rising fuel costs due to the Middle East conflict, Bloomberg News reported Tuesday. Speaking at a press conference in Brussels, O'Leary said the regional carriers, including Ryanair, have limited hedging protection in place for the next year against a potential rise in oil prices, according to the news report.

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