Ryanair group CEO Michael O'Leary said the airline will not impose a fuel surcharge despite higher jet oil prices, while predicting that rival carriers may add surcharges next summer. O'Leary said airlines had been well hedged into summer 2026 and had absorbed this summer's price shock, but that higher oil costs would eventually reach passengers through airfares. He also predicted that loss-making airlines would fail and that rising fuel prices could accelerate consolidation of Europe’s airline industry around British Airways, Lufthansa, Air France and Ryanair.