Ryanair boss Michael O’Leary has claimed that ‘two or three’ European airlines could ‘go bankrupt’ due to the ongoing fuel crisis.
O’Leary stated that the war in the Middle East has already cost his budget airline an additional €42.6million on fuel in April alone.
The Ryanair CEO believes that the impact the soaring oil prices are having on airlines will see a couple of them go out of business altogether.
The Mullingar man named Wizz Air and airBaltic as some of the airlines that are most at risk, though the former has denied these claims.