4 Hrs
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المشهد العربي
Ryanair CEO warns of rising fuel prices
Michael O'Leary, CEO of Ryanair, warned that rising fuel costs due to the geopolitical crises in the Middle East are likely to continue, as jet fuel prices have surged by nearly 50% since the start of the conflicts. It is expected that these elevated levels will persist for between 8 to 12 months. He explained that these increases will lead to higher travel ticket prices and negatively impact the profit margins of European airlines, while also emphasizing that there are no significant concerns regarding fuel availability throughout the upcoming winter and summer seasons.
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