Ryanair CEO Michael O’Leary is warning of potentially the largest increase in airfares in European history. He anticipates a reduction in available airline seats in the coming year, stemming from anticipated airline bankruptcies and consolidation through takeovers. A significant driver for these rising costs will be unhedged fuel expenses, which could inflate fares by as much as 20%. This forecast suggests a challenging period for air travel affordability across Europe. O’Leary’s comments highlight the volatile economic conditions impacting the airline industry. Passengers traveling to and from European destinations should prepare for potentially higher ticket prices. The situation is expected to affect travel options across Europe.