Ryanair considers freezing salaries. Ticket price increases may not cover fuel costs

Ryanair is considering freezing employee salaries as part of a cost-cutting initiative due to rising fuel prices. The airline's net profit fell by 6% in Q3, and CEO Michael O'Leary anticipates ticket prices may need to rise significantly to offset increased fuel costs. Despite these challenges, demand for travel remains high, with slight increases in ticket prices. Ryanair has secured 80% of its fuel needs at a fixed price until March 2027 and is exploring further cost-saving measures, including negotiations with airports and increased use of AI. Geopolitical factors may also influence fuel pricing strategies.