According to CNBC, ryanair's boss warned that European airlines could see "real failures" if jet fuel prices remain high, having "mushroomed" since the Iran war began.
Speaking to CNBC, O'Leary emphasized that Ryanair is shielded from the worst of the price surge due to its hedging strategy, which covers 80% of its fuel needs.
However, he warned that other airlines without similar protections could struggle significantly over the summer.
However, he warned that other airlines without similar protections could struggle significantly over the summer.
The warning comes amid heightened concerns about the impact of geopolitical tensions on energy markets.