Ryanair Cuts Passenger Target Amid Soaring Jet Fuel Costs

Ryanair has cut its FY27 passenger target from 216 million to 214 million and expects the reduced winter schedule to lower seasonal losses by €70 million to €100 million.

The budget airline has hedged 80% of its FY27 jet-fuel requirements at roughly $67 a barrel, significantly reducing its exposure to current spot prices around $140.

Ryanair warns that persistently high oil prices could materially increase European short-haul fares and place poorly hedged competitors under severe financial pressure.