Ryanair Sees European Airline ‘Casualties’ on Jet Fuel Spike

Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said there will be corporate “casualties” among European airlines if the Iran war continues and the Strait of Hormuz remains restricted.

Carriers such as Wizz Air Holdings Plc and Air Baltic Corp. are at risk if the strait stays closed until November, O’Leary said Monday during an interview with Bloomberg Television.