Overview
- Ryanair, which published half‑year results on Monday, reported a fall in profit and warned that higher fuel prices will add about €2 billion to costs in the next fiscal year.
- The carrier has already trimmed its passenger target from 216 million to 214 million and cut about 700,000 winter seats in Germany as an early response to the cost pressure.
- CEO Michael O’Leary said ticket prices would likely rise and that a roughly 20% increase would be needed to fully close the cost gap, though he did not commit to that full amount.
- Management launched a broad cost‑saving review that may include wage freezes from April, reduced crew ratios, renegotiated airport contracts and greater use of artificial intelligence.
- Ryanair stresses it had hedged much of its fuel through March at lower rates but has far less cover for the following year, a standard industry practice that now leaves the airline exposed to sustained high kerosene prices.