Ryanair Warns European Airline Failures if Hormuz Stays Shut Until November
Updated
Updated · Bloomberg · May 18
Ryanair Warns European Airline Failures if Hormuz Stays Shut Until November
10 articles · Updated · Bloomberg · May 18
Michael O’Leary said European airlines will face corporate “casualties” if the Iran war drags on and the Strait of Hormuz remains restricted.
November is the key threshold he cited, with a prolonged closure expected to keep jet fuel prices elevated and intensify financial pressure across the sector.
Wizz Air and Air Baltic were among the carriers he singled out as vulnerable if the disruption persists.
The warning points to wider fallout from the Iran conflict beyond energy markets, with higher fuel costs threatening weaker European airlines’ survival.
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