RYANAIR warns the price of jet fuel could soar next summer – meaning the cost of flights could too.
The airline has warned that other competitor airlines could struggle to ‘survive’.
5
5
Conflict in Iran has caused jet fuel costs to climb due to the closure of the Strait of Hormuz and it will continue to affect holiday prices.
In a statement, Ryanair said: “If high oil prices continue through to S.27 (summer 2027), Ryanair believes short-haul airfares in Europe will increase materially to reflect higher oil prices as some less well-hedged competitors will struggle to maintain capacity or even survive this coming winter season.”
Ryanair said it currently hedges fuel (which means it pays a set price).
The airline added that 80 per cent of its jet fuel is hedged through March 2027 at about $67 (£50) a barrel.
Read More on Travel
ALL IN
UK holiday parks where you can go ALL INCLUSIVE from £25pp with shows & waterparks
RETRO RATES
Our fave childhood holidays that have stayed ridiculously CHEAP – from £9.50pp
Currently the price of jet fuel is around $140 (£103) a barrel.
Ryanair isn’t the only airline to warn of higher costs on the horizon, easyJet has said the same.
Talking to The Times earlier this year, easyJet said it would increase minimum ticket prices of its winter 2026-27 flights “by two to three pounds” to offset higher costs and uncertainty around customer demand.
United Airlines CEO Scott Kirby also said he expects fares to keep rising into the first half of next year.
Most read in Travel
WING IT
‘Once in a lifetime’ attraction where kids fly 40 FEET HIGH has half price tickets
SHOW UP
One of England’s prettiest towns that’s the ‘new Cotswolds’ to be in Netflix show
Dig into fun
Get 2-for-1 tickets to Diggerland
HOL NO
Travel warning for Brits heading to Europe as entry rules to be fully rolled out
According to Reuters he said: “I think you’re going to still see gradual increases in fares. Not as big a jump as happened this year.”
When it comes to finding the cheapest flights right now – it’s best to use a comparison site.
5
Skyscanner is a great option for comparing the price of flights with various airlines – and it even have a price drop tool.
The feature claims to scour up to 80 billion prices a day and shows which destinations have seen flights that have dropped 20 per cent compared to the last week.
Google Flights is another search engine which compares flight prices and shows multiple airline options.
If you choose the ‘explore’ option, it can show the cheapest, direct flights across the world.
5
5
For even more hacks on when to fly, Expedia has put together a handy list on the cheapest days to fly – which is Friday.
Compared to travelling on a Saturday, jetting off the day before can save up to 18 per cent.
It also found that found that international travellers can save £93 on average by booking between 15 and 30 days ahead, instead of six months.
RECOMMENDED STORIES
Where you fly from also makes a difference – some of the most expensive UK airports to fly from are London Heathrow, Humberside and Manchester..
For more hacks, head here.