Ryanair to cut winter schedule to trim oil costs
The airline said it expected the 'one-off winter schedule cut' to reduce its winter losses by €70 million to €100 million.
Ryanair, Europe's largest airline by passenger numbers, announced on Wednesday that it will reduce its winter schedule to offset higher fuel costs stemming from the US-Iran war. The airline expects this strategic move to trim its winter losses by €70 million to €100 million (US$80 million to US$115 million). Ryanair's winter losses typically arise between November and March due to a dip in demand following the summer peak.
The Dublin-based carrier currently has most of its jet fuel secured at a relatively low price of around US$67 per barrel, which is far below the current rates. However, Ryanair warned that if high oil prices persist through summer 2027, European short-haul fares will increase materially. Despite this, the airline remains on track for a profitable 2026/27 financial year, although its net profit after tax would fall short of the record €2.17 billion achieved in the 2025/26 fiscal year.
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