https://www.cnbc.com/2026/04/28/ryanair-ceo-oil-europe-airlines-fail-jet-fuel.html
Interesting article linked above. On the positive side, the UK/Europe has arranged alternate supply lines for jet fuel in the near term.
The Strait can remain closed thru mid-June now without needing substantial flight reductions. And of course many/most are hopeful the Strait will be open long before then.
“If pricing stays higher for longer this summer, we think a number of
our airline competitors in Europe are going to face real financial
difficulties,” he said.“I think there will be failures,” O’Leary added. “If it continues at
$150 a barrel into July, August, September, then you’ll see European
airlines fail and that, in the medium term, would probably be good for
Ryanair’s business.”He added: “We are the best insulated, most hedged airline in Europe.”
Happy travels.