Ryanair Warns on Costs, Weak Summer Pricing, Withholds Profit Guidance
Ryanair warned that costs could rise this year if unhedged jet fuel prices remain at current levels, adding to higher bills for crew and aircraft maintenance. The budget carrier also flagged weaker-than-expected pricing trends into the summer season and withheld profit guidance because of uncertainty over demand and fuel supply.
The airline said geopolitical risks continue to cloud the fuel outlook, with uncertainty persisting over the Strait of Hormuz amid conflict in the Middle East. Ryanair has hedged 80% of its FY27 jet fuel needs at $668/metric tonne, while its CFO warned that weaker European carriers may not survive a jet-fuel crunch.
From the sources (8 posts)
@firstsquawkRyanair’s CFO says cash will be used for balance sheet funding in the current year, while future bond issuance remains possible if conditions are favorable.
@businessRyanair warned of rising costs this year if unhedged jet fuel prices remain at current levels, as the budget carrier faces higher bills for fuel, crew and aircraft maintenance
@firstsquawkRyanair CEO says employee share options would vest only if the airline meets highly ambitious targets during the next six years.
@cnbcRyanair has plans for 'armageddon' scenario as CFO warns weaker European carriers may not survive jet fuel crunch
@firstsquawkRyanair has hedged 80% of its FY27 jet fuel needs at $668/metric tonne.
@firstsquawkRyanair cites geopolitical risks, saying uncertainty persists over the Strait of Hormuz amid Middle East conflict.
@firstsquawkRyanair states that Europe continues to be well supplied with jet fuel.
@wsjThe airline group warned of weaker-than-expected pricing trends into the summer season and fell short of providing profit guidance due to uncertainty about demand and fuel supply.