Expect Airline Bankruptcies in Europe, Ryanair CEO Says -- Market Talk
Dow Jones
May 18
1301 GMT - "If oil prices remain up at these levels, if the Strait of Hormuz is closed until September, October, there's going to be airline bankruptcies in Europe," Ryanair Chief Executive Michael O'Leary told CNBC. While the Irish budget carrier is well hedged and should remain in pretty good shape, competitors are in real trouble, O'Leary says. "If oil stays at $150 a barrel through to September, through to the end of this calendar year, we're all going into a recession." (nina.kienle@wsj.com)
(END) Dow Jones Newswires
May 18, 2026 09:02 ET (13:02 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.