Ryanair considers pay freezes and reducing crew on flights as fuel costs soar
Airline also weighs up increasing use of AI as part of cost-cutting measures to offset impact of Iran war Ryanair is considering cost-cutting measures including implementing pay freezes, reducing crew on flights and increasing the use of AI to offset soaring fuel costs because of the Middle East conflict.
Europe’s biggest low-cost carrier said it expects European airlines to raise their ticket prices by as much as 20%, as it anticipates its jet fuel costs will increase by about €2bn (£1.6bn) in its next financial year, which ends in March 2028.
Read in depth: Business
Volkswagen reports €5.8 billion third-quarter loss as Porsche charge and China slump weigh
The German carmaker's July-to-September loss widened sharply from a year earlier, with a large Porsche writedown and falling deliveries in China adding to pressure on its results.
World Bank forecasts 23% commodity price rise as energy and shipping shocks mount
The bank projects higher energy, metals and food prices in 2026, with further risks from conflict, disrupted grain shipments and El Niño.
Sources and context
The GuardianSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-11-02. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.
More from Business
Car finance: Barclays becomes first big lender to offer payouts for mis-selling of loans
Virgin Media O2 to cut thousands of jobs as it plans £800m cost savings
RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.85% – video
