Ryanair cuts passenger target to reduce unhedged fuel costs
RYAAY Ryanair Holdings Plc ADR
$53.82 -2.80%
View chart & analysis → - 1Ryanair (RYAAY) lowered its fiscal 2027 passenger target to 214 million from 216 million
- 2It said keeping winter (Nov-Mar) capacity flat year-over-year would limit unhedged jet fuel exposure and cut winter losses by 70 million-100 million euros
- 3Jet fuel is around $140 per barrel, with 80% of fuel hedged at about $67, and it warned that less-hedged rivals face a tough winter
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