Irish low-cost carrier Ryanair said on September 2, 2026, that it now expects to carry 214 million passengers in its fiscal 2027 year, down from an earlier forecast of 216 million, as it trims exposure to high fuel costs during the winter season.
The airline has hedged about 80% of its fuel through March 2027 at roughly $67 per barrel, while jet fuel currently trades around $140 per barrel, according to Ryanair.
Ryanair warned that competitors with less protection "could struggle to maintain capacity or even survive this coming winter season" if high oil prices persist into 2027.
The carrier estimates the move will cut its winter losses by between EUR70 million and EUR100 million and said short-haul fares could rise if oil prices remain high into summer 2027.
