Ryanair warns airline rivals could ‘struggle to survive’ as oil prices send fares soaring - London Business News

Ryanair will cut 10,000 flights from November 2026 to March 2027 due to an 80% rise in fuel prices, aiming to reduce winter losses. Affected routes include flights between Italy and London. The airline lowered its annual passenger forecast to 214 million, down from 216 million, and expects fare increases if oil prices stay high. Ryanair has hedged 80% of its fuel for the period.

Ryanair, Europe's largest low-cost airline, plans to cut winter capacity to save €70-100 million, citing potential jet fuel prices surpassing $140/barrel. The company reduced its full-year passenger target and warned of higher ticket prices if fuel costs persist. Ryanair has hedged 80% of its fuel but remains exposed to elevated spot costs.

Ryanair (RYA, RYAAY) reduced winter capacity to mitigate exposure to unhedged jet fuel prices of $140 per barrel, aiming to save EUR70-100 million. The airline warns of potential airfare increases if fuel prices remain high. Rising oil prices and geopolitical tensions in the Strait of Hormuz are contributing to inflation and bond yield increases.

Ryanair reduced its 2027 passenger target to 214 million from 216 million due to high unhedged jet fuel costs, aiming to cut winter 2026 losses by €70-100 million. The airline also warned of potential airfare increases if oil prices remain high. August passenger numbers rose 6% year-over-year to 22.2 million, with flat traffic expected for the winter season. Irish airport data showed a 6.5% increase in Q2 2026 passengers compared to 2025.

Ryanair reduced its fiscal 2027 traffic target to 214 million passengers from 216 million, citing high fuel costs and market conditions. The airline, which has 80% of its fuel hedged at $67/barrel, aims to limit winter losses by keeping capacity flat, potentially saving €70m-€100m. Ryanair shares rose 2% despite a 20% drop since the Iran war. August traffic grew 6% to 22.2 million passengers, with a steady 96% load factor.

Ryanair reduced its annual passenger target to 214 million from 216 million to limit exposure to high oil prices, expecting flat winter passenger numbers. The airline warned that European air fares may rise if oil prices stay high, potentially causing some airlines to fail. Ryanair hedged 80% of its jet fuel at $67 a barrel, anticipating a profitable year but below 2023's record. Brent crude reached $97.04 a barrel before easing. Wizz Air reported a 25.9% increase in passenger numbers for August