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Ryanair weighs pay freeze

Ryanair weighs pay freeze

Ryanair is considering a temporary staff pay freeze as fuel costs surge amid the war involving the US, Israel and Iran, with prices expected to stay high well into 2027 unless the conflict is resolved swiftly. The airline forecasts its fuel bill will rise by €2bn and expects fares to increase, while chief executive Michael O’Leary has predicted a 15% to 20% rise next year. Ryanair’s pre-tax profit fell 16% to €2.4bn in the six months to the end of September.

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