# Michael O'Leary says Iran war has cost Ryanair an extra $50 million (€42.6 million) in fuel costs in April alone.

*aerospace · news · 2026-04-27 · Euronews*

## Key points

- Ryanair's CEO claims two or three European airlines could go bankrupt by late 2024 due to high oil prices.
- Ryanair has incurred an additional $50 million in fuel costs in April 2024 alone.
- Latvia's parliament approved a €30 million short-term loan to airBaltic, to be repaid by August 31, 2024.
- Wizz Air maintains it is strongly hedged against fuel prices and disputes bankruptcy rumors.

**Companies:** Wizz Air, airBaltic
**Countries:** Ireland, Latvia, Hungary, Estonia, Lithuania, Finland

[Read the full story on Euronews](https://www.euronews.com/travel/2026/04/27/two-or-three-european-airlines-could-go-bankrupt-this-winter-says-ryanair-boss-oleary)

---

Canonical: https://newsio.io/n/a70ea5d5-10d1-443e-b0c1-bf484f62f730/michael-oleary-says-iran-war-has-cost-ryanair-an-extra-50-million-42-6-million-i
Summarized by Newsio from Euronews. https://newsio.io/how-it-works