Ryanair CEO Is ‘Less Concerned’ Europe Will Run Out of Jet Fuel

Ryanair Holdings Plc Chief Executive Officer Michael O’Leary is “increasingly less concerned” about Europe facing a jet-fuel shortage in the coming months, though summer ticket sales may take a hit because of the uncertainty surrounding the Iran war.

Fuel supplies have strengthened in the last three weeks, and production from the US, North Africa and Norway is making up for the lack of volumes coming from the Middle East, O’Leary said Tuesday.