Europe is bracing for the largest increase in airfare prices in history in the coming year, according to Ryanair CEO Michael O'Leary. O’Leary stated on Tuesday, as reported by Reuters, that ticket prices could rise by as much as 20 percent. The anticipated price hikes are largely attributed to rising fuel costs for airlines. These increased fuel expenses are a direct consequence of the ongoing conflict in the Middle East. The warning from the head of the Irish low-cost carrier suggests a challenging period for travelers across Europe. Passengers should anticipate significantly higher costs when booking flights in the next twelve months.