Michael O'Leary, CEO of Ireland's Ryanair, the largest low-cost airline operator in Europe, said on the 20th that due to factors such as the situation in the Middle East, European ticket prices will experience the “biggest increase in history” next year, and airlines have basically not carried out hedging operations to cope with rising aviation fuel prices. Reuters reports that while attending a press conference in Brussels, Belgium on the same day, O'Leary said that since some European airlines will face bankruptcy and acquisition issues, the overall number of seats available on flights will be reduced next year. Coupled with no hedging, ticket prices will rise as much as 20%.

Michael O'Leary, CEO of Ireland's Ryanair, the largest low-cost airline operator in Europe, said on the 20th that due to factors such as the situation in the Middle East, European ticket prices will experience the “biggest increase in history” next year, and airlines have basically not carried out hedging operations to cope with rising aviation fuel prices. Reuters reports that while attending a press conference in Brussels, Belgium on the same day, O'Leary said that since some European airlines will face bankruptcy and acquisition issues, the overall number of seats available on flights will be reduced next year. Coupled with no hedging, ticket prices will rise as much as 20%.