Ryanair may freeze workers' pay as fuel prices spike

Ryanair may freeze staff pay and reduce hiring to mitigate a potential €2bn increase in jet fuel costs by 2028. The budget airline attributes this financial risk to the ongoing US-Israel war with Iran. To offset these rising expenses, the carrier is implementing cost-cutting measures and increasing fares. The company warns that these financial pressures will persist unless there is a resolution to the conflict, impacting its operational budget and workforce compensation strategies.