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Ryanair CEO Predicts Flight Cancellations from Potential Jet Fuel Shortages in U.S.-Israel War on Iran
Ryanair CEO Michael O’Leary warned that if the U.S.-Israel war on Iran persists into summer, airlines could face jet fuel shortages leading to 5%-10% flight cancellations in May, June, and July. He advised travelers to book summer trips soon to avoid higher fares driven by rising jet fuel prices, which have reached $4.88 per gallon at major U.S. airports.
Apr 4, 6:48 PM·2m read1 source
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Ryanair CEO Michael O’Leary discussed potential impacts of the ongoing U.S.-Israel war on Iran during an interview with ITV News on Thursday. He stated that prolonged conflict could lead to jet fuel shortages if the Strait of Hormuz remains closed for two to three more months.
According to O’Leary, airlines would enter an unknown scenario, with 5%-10% of flights in May, June, and July potentially canceled due to limited fuel availability at airports.
O’Leary explained that airlines would receive little advance notice on fuel allocations, making it difficult to select specific flights for cancellation. Decisions would depend on remaining jet fuel stocks at each airport, potentially requiring carriers to ground one or two aircraft to minimize customer inconvenience. He described the situation as difficult and challenging for the industry.
Despite these risks, O’Leary advised travelers planning summer trips to book flights as soon as possible to avoid fare increases. Jet fuel prices have risen more than gasoline prices amid the war, which has restricted one-fifth of the world’s oil supply and significant refining capacity for jet fuel.
In the U.S., major hubs including Chicago, Houston, Los Angeles, and New York reported an average jet fuel price of $4.88 per gallon, nearly double prewar levels.
The price surge has prompted airlines to raise fees, such as those for checked luggage. United Airlines is preparing for a prolonged conflict that could push oil prices to $175 per barrel, with contingency plans including capacity reductions. O’Leary addressed concerns about booking flights that might be canceled, stating that only 5%-10% of flights in June or July could be affected, while 90%-95% would operate.
Travelers facing cancellations may not receive refunds, as airlines could cite circumstances beyond their control. However, for flights within Europe, passengers are entitled to rerouting or return accommodations. O’Leary assured that Ryanair, with its frequent daily flights, would re-accommodate affected customers, potentially with a delay of one or two days.
