UK is Europe’s ‘most vulnerable’ market to jet fuel disruption, says Ryanair CEO
Michael O’Leary warns carrier may cancel flights during summer if war in Iran hits supplies
Michael O’Leary warns carrier may cancel flights during summer if war in Iran hits supplies

With services of dominant Gulf rivals disrupted, there is a brief window to provide direct flights that avoid the region’s hubs

Warnings of supply crunch as imports drop and stocks dwindle

Carriers scale back expansion plans as oil prices soar

Traders expect prices to fall later this year, giving carriers hope they can lock in lower rates by being patient

More flights resume across Middle East despite some refuelling disruptions in Oman

American carriers’ decision not to hedge future purchases has left them exposed to sharp swings in oil prices