Ryanair says it may freeze workers' pay and raise airfares

Ryanair is considering a temporary wage freeze for staff and confirmed airfares will be "materially higher" next summer because of a sharp rise in fuel costs following the US-Israel war with Iran.

The airline said it expects fuel prices to remain high "well into 2027" unless there is a "swift resolution" to the conflict.

Ryanair said its fuel bill is forecast to be €2bn (£1.6bn) higher in the short-term and its boss, Michael O'Leary, said airfares would have to rise by "double-digits" to help cover the cost.

But the firm said that was unlikely to be enough and it is looking into pay freezes. Unite, the union representing Ryanair staff, said it had not been told of "any such proposals".