Ryanair CEO Warns $150/bbl Jet Fuel Risks European Airline Failures

Ryanair CEO Michael O’Leary warned that jet fuel at $150/bbl through July–September could bankrupt weaker European rivals this summer, while Ryanair is protected by hedging 80% of its needs. Prices surged from $80/bbl in March after the Strait of Hormuz blockade triggered by the Middle East war on Feb. 28. The remarks signal downside for unhedged airline stocks and sustained upside pressure on jet fuel and crude oil benchmarks amid ongoing supply fears.