403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Ryanair Reduces Passenger Forecast After Winter Schedule Cuts
(MENAFN) Ryanair lowers its passenger forecast for the current financial year as sharply higher jet fuel prices lead the Irish low-cost carrier to scale back its winter operations.
The airline now expects to transport 214 million passengers in fiscal 2027, revising its earlier projection of 216 million.
The adjustment is designed to reduce the company’s exposure to fuel purchases that are not protected by hedging during the winter period, which typically generates losses between November and March. Passenger numbers during those months are expected to remain largely in line with the previous year despite the smaller schedule.
Ryanair estimates that the temporary reduction in flights could lower its winter losses by between €70 million ($81 million) and €100 million, with the final impact depending on ticket prices and demand.
The company says jet fuel is trading at around $140 per barrel as the continuing conflict in the Middle East pushes energy costs higher.
Ryanair has already secured hedging for about 80% of its fiscal 2027 fuel needs at approximately $67 per barrel. This gives the airline greater protection from current market prices compared with many of its competitors.
Despite the challenges caused by higher fuel expenses and the reduced winter schedule, Ryanair says it remains in a strong position to deliver another profitable financial year. However, it expects profit after tax to come in below the record result posted in fiscal 2026.
The airline now expects to transport 214 million passengers in fiscal 2027, revising its earlier projection of 216 million.
The adjustment is designed to reduce the company’s exposure to fuel purchases that are not protected by hedging during the winter period, which typically generates losses between November and March. Passenger numbers during those months are expected to remain largely in line with the previous year despite the smaller schedule.
Ryanair estimates that the temporary reduction in flights could lower its winter losses by between €70 million ($81 million) and €100 million, with the final impact depending on ticket prices and demand.
The company says jet fuel is trading at around $140 per barrel as the continuing conflict in the Middle East pushes energy costs higher.
Ryanair has already secured hedging for about 80% of its fiscal 2027 fuel needs at approximately $67 per barrel. This gives the airline greater protection from current market prices compared with many of its competitors.
Despite the challenges caused by higher fuel expenses and the reduced winter schedule, Ryanair says it remains in a strong position to deliver another profitable financial year. However, it expects profit after tax to come in below the record result posted in fiscal 2026.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment