Ryanair trims annual traffic target to limit unhedged winter oil exposure

Ryanair has cut its fiscal 2027 traffic target to 214 million passengers from 216 million, citing a need to reduce exposure to unhedged winter jet fuel costs. The Dublin-based airline warned that persistent high oil prices could lift short-haul fares across Europe. Jet fuel is currently around $140 per barrel, and Ryanair said 80% of its fuel is hedged through March 2027 at roughly $67 per barrel. The carrier expects to deliver another profitable year, though profit after tax would be below its fiscal 2026 record level. No further details were provided.