Ryanair to Raise Fares, Freeze Wages as Fuel Costs Jump $2.24B
Published 18 h ago3 sourcesEvidence: Reported
Lufthansa CFO Till Streichert announced a €2 billion year-on-year increase in 2026 fuel costs, now projected at €9.3 billion, citing an unchanged geopolitical situation. The estimate was raised by €600 million from the prior quarter, reflecting sustained upward pressure on jet fuel prices. This signals persistent cost inflation for European carriers and may pressure margins or prompt fare adjustments.
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