Ryanair weighs pay freezes and AI-driven cuts as fuel costs rise by €2 billion
Ryanair is reviewing airport contracts, pay and other costs to offset an expected €2 billion increase in its fuel bill, attributed in coverage to Middle East tensions. The carrier is also preparing fare increases despite having hedged about 80% of its fuel needs; its reported second-quarter results showed revenue up 4% to €5.7 billion.