Ryanair Warns Summer Fares Will Weaken as Jet Fuel Shortage Risk Recedes
Ryanair said ticket prices will weaken during its peak summer months and stopped short of providing profit guidance because of uncertainty about demand and fuel supply. The budget carrier also warned costs could rise this year if unhedged jet fuel prices remain at current levels, alongside higher bills for crew and aircraft maintenance.
At the same time, Ryanair said the threat of jet-fuel shortages is receding as suppliers adapt to the prolonged closure of the Strait of Hormuz, with Europe continuing to be well supplied and refiners and airlines confident shortages can be avoided. The airline has hedged 80% of its FY27 jet fuel needs at $668 per metric tonne, while CEO O'Leary said it could remain unhedged on fuel for summer 2027 until about September or October this year.
From the sources (11 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.
@ftEuropean oil refiners and airlines confident jet fuel shortages can be avoided
@firstsquawkRYANAIR CEO O'LEARY: WE COULD REMAIN UNHEDGED ON FUEL FOR SUMMER 2027 UNTIL ABOUT SEPTEMBER, OCTOBER THIS YEAR
@reutersRyanair warns that ticket prices will weaken during its peak summer months, but says the threat of fuel shortages is receding as suppliers adapt to the prolonged closure of the Strait of Hormuz