Ryanair chief executive Michael O’Leary told investors he is “increasingly less concerned” that Europe will run out of jet fuel shortage this summer. The airline, which relies on low‑cost operations, had warned that a shortage could disrupt schedules and inflate costs. O’Leary’s easing stance suggests the carrier expects supply chains to stabilise across Europe ahead of the peak travel season.

The comment comes as the industry watches the fallout from the Iran‑Israel conflict, which has rattled commodity markets and sparked fears of wider disruptions. Although Ryanair’s summer bookings remain strong, O’Leary warned that lingering uncertainty could dent demand among leisure travelers if passengers perceive travel as risky. Investors will monitor whether the airline can convert confidence into full‑price seats.

Analysts note that a stable fuel supply is vital for Ryanair’s cost‑leadership model, which hinges on predictable expenses. If supply holds, the carrier can keep its advertised low fares and protect margins that have traditionally outperformed legacy rivals. The CEO’s reassurance therefore bolsters the airline’s positioning ahead of a summer for European routes that could otherwise see price pressure.