Skip to content
GQ British Lifestyle
Business

Ryanair may freeze workers' pay as fuel prices spike

The airline says fuel prices may rise by €2bn in 2028 unless there is an end to the US-Israel war with Iran.

By Susan Darwin

Ryanair may freeze workers' pay as fuel prices spike

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.

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.

Source link

Originally published by bbc.co.uk. Syndicated material does not necessarily reflect the views of GQ British Lifestyle.

More Business