Published • loading... • Updated
Ryanair Trims Annual Traffic Target Due to Fuel Prices
- On Wednesday, Sep 2, 2026, Ryanair cut its fiscal 2027 traffic target to 214 million passengers from 216 million to limit exposure to unhedged oil prices during the winter season.
- Sustained high oil prices are driving the decision, with jet fuel at around $140 a barrel; International Air Transport Association reports prices rose 8.2% month-on-month and 74.2% over the past year.
- Ryanair remains well positioned with 80% of its 2027 jet fuel hedged at roughly $67 per barrel, and the airline operated over 120,500 flights recently with a steady 96% load factor.
- Short-Haul airfares in Europe are likely to increase "materially," and Ryanair warned some competitors will "struggle to maintain capacity or even survive" this winter if oil prices remain high.
- While summer traffic remains on track to grow by more than 5% to 145 million, Ryanair expects traffic from November to March to be "broadly flat," contrasting with Rival Wizz Air's 25.9% passenger growth last month.
Insights by Ground AI
49 Articles
49 Articles
ledauphine.com+4 Reposted by 4 other sources
Ryanair, Europe's leading airline, anticipates estimated winter losses of between EUR 70 million and EUR 100 million.
As airlines grapple with rising fuel prices due to the US-Iran war, Irish budget airline Ryanair said on Wednesday it would "trim" its winter flight schedule.
·Vilnius, Lithuania
Read Full Article
The increasing price of fuel is starting to put pressure on European airlines. Ryanair has already reduced its traffic target by 2027 and warns that rivals less protected from oil prices could have serious problems in the cold season.
Coverage Details
Total News Sources49
Leaning Left5Leaning Right3Center10Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 28%
C 55%
R 17%
Factuality
To view factuality data please Upgrade to Premium
