Ryanair rules out fuel surcharge as it trims growth forecast

Ryanair will not add a fuel surcharge, even as kerosene prices climb. Group chief executive Michael O'Leary said the airline expects other European carriers to pass the higher costs to passengers next summer, through surcharges or higher ticket prices.

Higher fuel costs have also led Ryanair to rein in its growth plans. The carrier cut its forecast for the 2027 financial year from 216 million passengers to 214 million. Fuel hedging is currently offsetting much of the increase, O'Leary said.

He expects the impact on the wider industry to be considerably larger next year. In his assessment, ticket prices at other carriers could rise by 10 to 20 percent next summer. He also expects further insolvencies and more consolidation in European aviation.

O'Leary said Ryanair is already in talks with airports that fear losing capacity to possible further airline failures.