What Happened
European Airlines Face Winter Survival Threat Due To Soaring Fuel Costs
Ryanair is reducing its passenger growth target and holding winter capacity flat due to soaring jet fuel prices, warning that some less-protected carriers may not survive the coming winter. The Irish low-cost carrier has hedged about 80% of its fuel through March 2027 at roughly $67 per barrel, but still expects to reduce its winter losses by between €70 million and €100 million. Despite having most of its fuel protected, Ryanair is feeling the impact of high fuel costs, which have followed the Iran war and disruption to global energy markets. The airline’s decision does not appear to reflect weakening passenger demand, but rather a deliberate effort to reduce exposure to fuel purchased at current prices. This development was first reported by AeroTime.