DUBLIN- Ryanair (FR) CEO Michael O’Leary has warned that prolonged conflict in Iran and the closure of the Strait of Hormuz could push two or three European airlines into bankruptcy by late 2026.
The low-cost carrier faces an additional $50 million in fuel costs for April alone, with projections reaching $600 million over a year if oil remains at $150 per barrel.
O’Leary singled out Wizz Air (W6) and Air Baltic (BT) as carriers most vulnerable to collapse if prices hold at current levels.
Despite the crisis, Ryanair (FR) maintains its 2026 traffic target of 216 million passengers and has confirmed 2027 guidance of 222 to 223 million, supported by hedging contracts that cover 80% of its fuel needs at $67 per…