{
  "id": 5060479,
  "title": "Ryanair to cut winter schedule to trim oil costs",
  "url": "https://urgent.news/2026/09/02/ryanair-to-cut-winter-schedule-to-trim-oil-costs-5060479",
  "topic": "world",
  "section": "World",
  "published": "2026-09-02T09:09:11.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/09/02/ryanair-to-cut-winter-schedule-to-trim-oil-costs"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "The airline said it expected the 'one-off winter schedule cut' to reduce its winter losses by €70 million to €100 million.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}