Ryanair Warns of Rising Costs From Fuel Prices, Crew Wages
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Article Excerpt
Ryanair warned on Tuesday that rising fuel costs and crew wages were eating into its margins, as the airline reported a smaller-than-expected profit for 2022.
The Dublin-based budget carrier said it made an adjusted operating profit of €345 million ($387 million) in 2022. This was lower than the €461 million it had predicted in October but still significantly higher than the €72.9 million it reported in 2021.
"In a year that saw fuel prices more than double and crew wages rise, Ryanair managed to deliver an adjusted operating profit of €345 million," said Michael O'Leary, chief executive of …
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May 18, 2026