Ryanair says ticket price rises likely to lag oil by 12 months

DUBLIN, Feb 5 (Reuters) - Ryanair expects higher oil prices to push up short-haul air fares in Europe, but not until 2019, chief executive Michael O’Leary said on Friday.

The global Brent crude benchmark briefly climbed above $70 a barrel in January for the first time in three years, up from about $50 for much of last year.

“I think the big challenge for airlines this year is that oil is up around $70 a barrel,” O’Leary told a conference call with investors, adding that the upward pressure on pricing is more likely in 2019 than this year. (Reporting by Conor Humphries; Editing by David Goodman)


Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at and follow us on Twitter @Breakingviews and at All opinions expressed are those of the authors.