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Ryanair cuts passenger targets and winter capacity due to high fuel costs
Ryanair has adjusted its passenger traffic forecast for the fiscal year ending March 2027, lowering its target from 216 million to 214 million. This decision is a response to volatile jet fuel prices, which have reached approximately 140 dollars per barrel due to geopolitical tensions in the Middle East and disruptions in the Strait of Hormuz.
To mitigate financial impact, the airline is reducing its winter flight capacity, a move expected to decrease seasonal losses by between 70 million and 100 million euros. Ryanair maintains a competitive advantage through fuel hedging, having secured roughly 80% of its fuel requirements at approximately 67 dollars per barrel through March 2027.
The airline warned that if high oil prices persist, short-haul flight ticket prices in Europe could increase significantly by summer 2027. Furthermore, Ryanair cautioned that competitors with less robust fuel hedging strategies may struggle to maintain capacity or even survive the upcoming winter season.
Entities
Belgium · Condor · EasyJet · Europe · Greece · Jet2 · Middle East · Persian Gulf · Peter Gerber · Ryanair · Thessaloniki · Wizz Air
Claims
What the coverage asserts, and how many sources carry each claim.
- [DISPUTED] Jet fuel is currently trading at approximately 140 dollars per barrel. nyugatifeny.hu · www.lykavitos.gr · www.madata.gr · aviation.direct · hellomagyar.hu · +13 more
- [● 20 SOURCES] Ryanair has reduced its passenger traffic target for the 2027 fiscal year from 216 million to 214 million. nyugatifeny.hu · www.lykavitos.gr · www.madata.gr · aviation.direct · hellomagyar.hu · +14 more
- [○ 1 SOURCE] Wizz Air transported 8.7 million passengers in August, a 25.9 percent increase compared to the previous year. nyugatifeny.hu
- [● 19 SOURCES] The company expects to reduce fuel-related losses by between 70 million and 100 million euros by limiting winter capacity. nyugatifeny.hu · www.lykavitos.gr · aviation.direct · hellomagyar.hu · avioblog.it · +13 more
- [● 19 SOURCES] Approximately 80% of Ryanair's fuel needs are hedged at around 67 dollars per barrel until March 2027. www.lykavitos.gr · www.madata.gr · aviation.direct · hellomagyar.hu · avioblog.it · +13 more
- [● 19 SOURCES] Short-haul flight ticket prices may increase significantly if high oil prices persist until summer 2027. nyugatifeny.hu · www.lykavitos.gr · www.madata.gr · aviation.direct · hellomagyar.hu · +13 more
- [○ 1 SOURCE] Ryanair is shutting its three-aircraft base at Thessaloniki for the winter. extra.ie
- [○ 1 SOURCE] Ryanair is cutting 20 routes from its winter schedule in Belgium. extra.ie