Ryanair has warned airfares may rise across Europe if higher oil prices continue into next summer, which could trigger the collapse of some of its rivals.
The Irish airline warned that if fuel costs remained at an elevated level until summer 2027, short-haul airfares in Europe 'will increase materially'.
It added that some 'less well-hedged competitors will struggle to maintain capacity or even survive this coming winter season'.
It echoes previous warnings made by Ryanair, as higher fuel costs prompt carriers to hold capacity flat or cut it ahead of the slower winter season.
Volatile oil prices have done little to quell airlines' concerns, with Brent crude climbing to over $95 a barrel this week and jet fuel currently trading at around $156 a barrel.
