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.
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Ryanair, Europe's leading airline, anticipates estimated winter losses of between EUR 70 million and EUR 100 million.
The Irish low-cost airline also warned that short-haul fares in Europe would "increase significantly" if high oil prices continued until the summer of 2027.
The Irish airline anticipates a decline in its traffic and warns that ticket prices could rise if oil prices remain high The airline
European travellers could face a bad surprise in the coming months. The Irish company is about to review its offer as the Middle East environment continues to weigh on the air sector. ...
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.
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.
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