Ryanair Holdings plc (NASDAQ:RYAAY) shared that it anticipates no jet fuel supply shortages despite the challenges presented by the ongoing Iran war.

No Fuel Snags

On Monday, the budget airline shared that supply chain uncertainty was receding as alternative sources to GCC oil producers, according to a Reuters report.

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The report also said that the airline anticipates fare prices to fall, with prices from the months of April to June falling by mid-single-digit percentages. Ryanair expects July to September fares to be “broadly flat.” However, Ryanair cautioned that unit costs could still surge if jet fuel costs remain at current levels.

According to data by the International Air Transport Association (IATA), the average jet fuel cost globally for the week that ended on May 8 was $162.89/bbl. Meanwhile, data from Airlines for America on Friday ...