Ryanair CFO warns weaker European carriers may not survive jet fuel crunch

Ryanair has prepared for an “armageddon situation,” amid the jet fuel crisis, the budget airline’s chief financial officer told CNBC Monday.

“Do we have plans for some kind of Armageddon situation? Of course, we do, but I don’t see that coming to pass. As things stand, we’re operating a full schedule this summer, and plan to operate a full schedule into the winter period,” Neil Sorahan told CNBC’s Ritika Gupta in an interview.

“I think we will see some of the weaker carriers who were already struggling before the war possibly go to the wall in the winter,” Sorahan said after the airline reported full-year earnings.

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