Airline CEOs are often outspoken in times of economic uncertainty, especially when it affects the aviation industry. The CEO of Ryanair, Michael O’Leary, United Airlines’ Scott Kirby, and Delta Air Lines’ Ed Bastian are some of the most frequent contributors to aviation headlines. Ryanair’s O’Leary is the latest to sound off amid ongoing regional tensions in the Middle East, which have had a significant impact on the aviation landscape.
According to Investing.com, O’Leary stated that “European airlines could face bankruptcy if jet fuel prices, which have surged from around $80 to $150 per barrel following the Strait of Hormuz blockade, remain elevated through the summer months.” It is unclear at which airlines, if any, this…