Raynair plane Image source, Getty Images
ByMitchell LabiakBusiness reporter
  • Published12 minutes ago

Ryanair is considering a temporary wage freeze for staff to pay for a sharp rise in its fuel costs which have surged following the US-Israel war with Iran.

The carrier said it expects fuel prices to remain high "well into 2027" unless there is a "swift resolution" to the conflict.

Ryanair said its fuel bill is forecast to be €2bn (£1.6bn) higher in the short-term and said it expects European airfares to increase to help cover the cost.