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Updated · Bloomberg · Apr 28Ryanair CEO expresses reduced concern over potential Europe jet-fuel shortage
10 articles · Updated · Bloomberg · Apr 28
- Michael O’Leary notes that recent increases in fuel supplies from the US, North Africa, and Norway are offsetting reduced Middle East volumes.
- He warns, however, that ongoing uncertainty due to the Iran war may negatively affect summer ticket sales for Ryanair.
- O’Leary’s comments reflect improved market conditions over the past three weeks, easing immediate fears of a jet-fuel shortage across Europe.
Is Ryanair's fuel optimism a brave forecast or a dangerous miscalculation for investors? If Europe has only six weeks of jet fuel left, what happens in week seven? Can new US and African fuel supplies truly replace the choked Strait of Hormuz? With bookings down 11%, will summer travel to Europe become a luxury for the few? Will this historic oil shock finally make sustainable aviation fuel a viable alternative? How will the largest oil supply shock in history reshape the European economy?