Ryanair mulls fare hikes, pay freeze amid rising costs
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Ryanair is reviewing all its costs due to higher fuel prices and may require staff to take temporary pay freezes, the low-cost airline said today after reporting a 15% decline in net profit for the six months to the end of September.
Ryanair is reviewing all its costs due to higher fuel prices and may require staff to take temporary pay freezes, the low-cost airline said today after reporting a 15% decline in net profit for the six months to the end of September.
Ryanair is Europe's largest in terms of passenger numbers.
It said that while it expects short-haul airfares to rise materially next year, that is unlikely to fully offset an estimated €2 billion increase in its fuel bill for the financial year that ends in March 2028, based on current forward prices.
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