Ryanair Cuts Winter Flight Capacity Amid Soaring Fuel Costs
Europe’s largest airline announced it will reduce winter flight schedules and warn of higher ticket prices as jet fuel costs approach $140 per barrel.
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Ryanair warns of higher fares as it cuts winter flights
Europe’s largest carrier sees short-haul airfares increasing ‘materially’ next year if oil prices remain high
Read full article →Europe’s largest airline warns of jet-fuel prices at $140 this winter as it cuts capacity
Ryanair on Wednesday reduced its winter capacity to mitigate its exposure to unhedged jet fuel prices of $140 per barrel, illustrating the real-economy impact of the energy crisis.
By Jules Rimmer
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