The airline faces an estimated €2bn (£1.6bn) short-term increase in its fuel bill due to the international crisis. While European airfares are projected to rise, Ryanair warned that increased ticket prices will not fully offset the mounting expenses. Consequently, management is exploring internal measures such as a temporary wage freeze for staff to protect against sustained losses. Unite, the union representing the carrier's workforce, has been contacted for comment regarding the proposal.
Key points
Geopolitical turmoil involving the United States, Israel, and Iran is heavily inflating a…: Geopolitical turmoil involving the United States, Israel, and Iran is heavily inflating airline operational costs.
The carrier is considering temporary staff wage freezes alongside fare hikes to absorb fi…: The carrier is considering temporary staff wage freezes alongside fare hikes to absorb financial pressure.
Passenger ticket prices across Europe are expected to rise to help manage the carrier's d…: Passenger ticket prices across Europe are expected to rise to help manage the carrier's deficit.
Sources checked by our analysis pipeline: 1
ByMitchell Labiak
Business reporter
- Published
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's 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.
But it said that was unlikely to be enough and, among a number of measures, it is looking into "temporary pay freezes". The BBC has contacted Unite, the union which represents Ryanair employees, for comment
Authorities uncovered illegal deployments where foreign staff, including Employment Pass holders, performed manual baggage handling instead of their registered occupations. The ministry has instructed ground handler SATS to overhaul vendor compliance and ensure all outsourced personnel meet statutory rules. Offending companies face substantial financial penalties, jail terms, and potential bans on hiring foreign labor.
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