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Ryanair CEO warns sustained high oil prices could drive significant airfare increases into 2027

Ryanair CEO Michael O’Leary said airfares could rise significantly if oil prices remain elevated into next year, while describing the outlook for ticket prices over the coming months as “entirely up in the air.” The comments highlight fuel-cost exposure as a key uncertainty for airline pricing and margins.

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US sanctions 27 Iranian airlines and 36 third-party enablers

The Treasury Department’s Office of Foreign Assets Control has sanctioned 27 Iranian airlines under Executive Order 13902, alongside 36 third-party enablers. The designations mark Washington’s first action against Iranian carriers since determining on Aug. 24, 2026, that Iran’s aviation sector was subject to sanctions.

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