Ryanair CEO Michael O’Leary predicts a significant surge in airfares across Europe over the next 12 months. He attributes this anticipated increase, potentially reaching up to 20 percent, to the rising costs of jet fuel. O’Leary stated passengers "are going to see the biggest increase in airfares in history in Europe”. The airline executive forecasts continued pressure on ticket prices as global fuel costs remain elevated. This impacts travel within Europe and to/from European destinations. The prediction signals a challenging period for air travelers seeking affordable flights. Ryanair, like other airlines, is facing increased operational expenses due to the fuel price situation.