Ryanair CEO predicts European air fares to rise up to 20% next year

Ryanair chief executive Michael O'Leary predicted European air fares will rise 10% to 20% next year. In Brussels, he called it the biggest fare rise in Europe's history for the next 12 months. He linked higher fuel bills to the Middle East conflict, saying 85% of Ryanair's fuel for next year is not locked in at a set price.