Ryanair reduced its passenger forecast for the fiscal year ending March 2027 from 216 million to 214 million. The airline attributed the cut to high, unhedged jet fuel prices during the winter season.
The carrier will keep winter capacity flat compared to the previous year. This strategic move aims to reduce seasonal losses by €70 million to €100 million.
August 2026 traffic increased 6% year-over-year to 22.2 million passengers.
Ryanair warned that persistent high oil prices could drive up short-haul European airfares by summer 2027. Less-hedged competitors may struggle to maintain capacity if fuel costs remain elevated.