Ryanair has said it is confident it won’t face jet fuel shortages this summer but also issued a warning to passengers.

The airline industry has been impacted by the war in Iran, which has restricted global jet fuel supplies.

Neil Sorahan, the chief financial officer at Ryanair, has now said he was ‘increasingly confident that we will not see any supply shocks this summer’.

Ryanair also says prices are now expected to be ‘broadly flat’ compared to last summer, the Guardian reports.

‘Demand is still strong, but people are leaving it longer to book, so we do not have the visibility that we normally have for July to September,’ Sorahan told the publication, going on to warn people to book before fares soar.

‘Closer-in bookings are strong, but if people leave it late, they could take on higher fares,’ he added.

Ryanair has hedged 80% of its jet fuel requirements to April 2027 at about $67 a barrel, but unit costs on fuel could still rise if prices remain higher, it said.

The company also said that it expected its environmental taxes in the EU to increase by €300m this year to about €1.4bn, ‘which makes EU air travel even less competitive’.

Ryanair boss Michael O’Leary has previously claimed that ‘two or three’ European airlines could ‘go bankrupt’ due to the ongoing fuel crisis.

O’Leary stated that the war in the Middle East has already cost his budget airline an additional €42.6million on fuel in April alone.

Shares in Ryanair have lost more than a quarter of their value since the start of the year.