Ryanair CEO warns Middle East conflicts could cause European airline collapses by late 2026 due to fuel crisis.

Ryanair CEO Michael O'Leary warned that Middle East conflicts could trigger a severe jet fuel crisis, potentially causing two or three European airlines to collapse by late 2026. O'Leary stated Ryanair's fuel costs have spiked by $50 million in April, though he noted the airline is better positioned than competitors due to extensive hedging. Wizz Air refuted claims of impending bankruptcy, asserting its strong financial health and liquidity.