‘Two or three European airlines could go bankrupt’ this winter, says Ryanair boss O’Leary

Ryanair’s CEO Michael O’Leary has claimed that two or three European airlines “could go bankrupt” before the end of this year due to soaring oil prices.

The outspoken boss of Europe’s biggest airline said that the Iran war has already cost Ryanair an extra $50 million (€42.6 million) in fuel costs in April alone.

“If oil stays at these levels, two or three European airlines in October or November could go bankrupt like Wizz Air, which wants to sue me but won’t have enough time to do so, and airBaltic,” he told Italian newspaper Il Sole 24 Ore.

“A good thing for our…