Ryanair Freezes Pay

DublinRyanair expects its jet fuel bill to rise €2bn next year.

Staff get frozen pay and slower hiring, and passengers face fare rises of double-digit percentages.

It hedged 80% of fuel to March 2027, but a quarter of the next year at about $95 a barrel against $67.

Ryanair still made €2.4bn before tax from April to September, down 16% as the Iran war made passengers hesitate.

Pay deals due for renegotiation from March may not be renewed if fuel stays high, chief executive Michael O’Leary said.

Sources: Financial Times News