Ryanair may freeze workers' pay as fuel prices spike
⟶ Ryanair has indicated that it may freeze workers' pay. This potential action comes in response to a significant increase in fuel prices.
The airline says fuel prices may rise by €2bn in 2028 unless there is an end to the US-Israel war with Iran.
Background
The airline specifically mentioned that fuel prices could increase by €2 billion in 2028.
Why it matters
This projected rise in fuel costs is contingent on the continuation of the US-Israel war with Iran. The airline's statement implies a direct link between the geopolitical situation and its financial outlook.
Possible impact
The potential freezing of workers' pay is an anticipated consequence of the escalating fuel costs.