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Ryanair CEO Michael O'Leary claims Wizz Air and airBaltic could run out of cash by the end of the year.
Ryanair CEO warns Wizz Air and airBaltic could run out of cash by year end.
KEY POINTS
- O'Leary claims Wizz Air and airBaltic have not locked in lower fuel prices.
- Wizz Air disputes insolvency claims, citing strong liquidity and ahead-of-industry fuel hedging.
- According to O’Leary, ongoing Strait of Hormuz issues could further worsen jet fuel prices.
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