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Ryanair Warns Of Jet Fuel Supply Disruption Risk. Ryanair has warned of potential jet fuel supply disruptions in early May if the Middle East conflict continues. CEO Michael O'Leary said the airline faces rising costs as oil prices surge due to tensions in the Strait of Hormuz. Iran’s blockade of the key shipping route has driven fuel prices to around $150 a barrel for part of Ryanair’s supply. O’Leary said about 10% to 25% of fuel supplies could be at risk in May and June if the war persists. The airline is partially protected, with around 80% of its fuel hedged against price spikes. He warned that supply concerns are a more immediate threat than rising costs for the aviation industry. Ryanair does not currently expect to cancel flights despite the potential disruption. The risk could ease if the conflict ends and the Strait of Hormuz reopens, stabilising global energy flows.
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