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Michael O'Leary said second-half pricing is uncertain as Brent crude holds above $100 a barrel amid Middle East tensions
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Ryanair CEO Michael O'Leary warned Thursday that airfares could rise sharply if oil prices remain elevated heading into next year, adding uncertainty about the airline's second-half pricing outlook.
"If oil prices remain high into next year, I think there will be a significant uplift in airfares, and we would hope to avoid that," O'Leary told reporters at the company's annual general meeting, CNBC reported. He said the airline expects pricing to be modestly lower in its second quarter, which runs from July to September, but that the December and March quarters remain uncertain.
