finance
Ryanair CEO Says Europe Faces No Jet Fuel Shortage This Summer
Ryanair CEO Michael O’Leary said the airline sees almost no risk of a jet fuel shortage across Europe this summer. He pointed to increased production by refiners and additional imports as reasons supply concerns have eased.
May 18, 6:38 PM·1m read3 sources
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Ryanair Group CEO Michael O’Leary said Monday that Europe will not run out of jet fuel this summer. O’Leary stated he had “almost zero concerns” about a shortage during the peak travel season. He attributed the improved outlook to refiners increasing output and airlines securing more fuel from the United States and Africa.
He said these steps have reduced the immediate risk that had been linked to the Iran conflict. O’Leary warned that travelers could still see higher airfares later in the year as carriers pass on elevated fuel costs.
Energy traders continue to view the summer months as a potential stress test for the sector, according to the Financial Times. O’Leary said rising jet fuel prices are already affecting airline earnings and could lead to bankruptcies among weaker carriers.
" — Michael O’Leary, May 18, 2026 (SquawkCNBC) The comments come as airlines prepare for higher summer demand while monitoring fuel availability and pricing.
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CorroborationModerate · 3 sources
