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Ryanair CEO warns airfares could rise if jet fuel stays expensive

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Ryanair CEO Michael O’Leary warned that airfares could jump if jet-fuel costs stay elevated, saying the surge in oil prices is squeezing the airline industry. He expects only modest pricing declines in the July–September quarter, while December and March look uncertain. If oil remains high into next year, he expects a significant fare uplift and hopes to avoid it.

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