Ryanair trims traffic target, warns rivals face winter squeeze amid fuel costs
Ryanair said 80% of its fuel is hedged at $67 a barrel, but higher oil prices could lift European short-haul fares.
- 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 has confirmed a series of route cuts across its winter schedule, with two European markets bearing the brunt. With Ryanair warning that fares on short-haul flights will rise significantly this winter if oil prices stay high, the airline is pulling capacity out of airports it says have become too expensive to serve. Here is […]
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Ryanair warns some European airlines may not survive winter fuel crisis
Ryanair is cutting its passenger growth target and holding winter capacity roughly flat, while warning that some less-protected carriers may not make it through the coming winter as soaring jet fuel prices squeeze airlines across Europe. The Irish low-cost carrier said on September 2, 2026, that it now expects to carry 214 million passengers in
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op-online.deRyanair drastically cancels flights in the winter timetable. High kerosene prices burden the airline heavily – now passengers are facing rising ticket prices.
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