Ryanair flags €2B fuel cost hit, freezes pay, trims staff

Ryanair projects ~€2B in additional costs next fiscal year from elevated kerosene prices, which the CFO expects to persist. In response, the airline is implementing cost-cutting measures including no pay rises and staff reductions. This signals sustained fuel-cost pressure on European carriers and a defensive corporate stance, with implications for airline margins and potentially consumer airfares.

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