Ryanair CEO predicts significant increase in European airfares next year

• Ryanair CEO Michael O'Leary predicts a 20% increase in European airfares in 2027.
• The rise is attributed to a global fuel squeeze and the Middle East conflict.
• Many carriers are not hedged against rising jet fuel costs.
• Industry consolidation is expected to lead to fewer seats overall.
• Despite rising costs, tourism has remained resilient.