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Monday February 04, 2008 12:40
by Michelle Crawley
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Jump To Comment: 1It looks like the price of fuel is affecting Ryanair after all. However back in Aug 2006, Ryanair made a great big fuss about other airlines charging fuel charges and they weren't. In hindsight this now seems to be because they likely hedged fuel purchases correctly but never realised they would stay high and even go higher in the years since.
This is what Ryanair had to say in Aug 2006 and it was reported widely at the time.
O'Leary also again said that Ryanair would never impose fuel surcharges, even if the cost of oil exceeded $200 (€160) a barrel.
"Ryanair will never introduce fuel surcharges, today tomorrow or ever, even if it reaches $200 a barrel," O'Leary said. "Admittedly, if it hits $200 a barrel we'll be the only airline left flying in Europe."
Ref: http://www.finfacts.com/irelandbusinessnews/publish/art...shtml
It looks like they could be soon eating their words.