Ryanair’s CEO warns travelers that cheap European flights may not last if oil remains above $100 a barrel into next year
Summary
Ryanair’s fuel hedging limited the impact of the Iran war on costs, but the airline has still reduced its winter schedule and expects higher ticket prices if oil remains above $100 a barrel into next year.
The hedge provides only a temporary buffer against sustained fuel inflation. If oil stays elevated,
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Higher oil prices could end the era of persistently cheap European flights through both higher fares and fewer services.