Ryanair CEO: European airlines facing 'enormous cost challenge' in 2027
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Background ✨
Ryanair Group CEO Michael O'Leary said the carrier cut its FY2027 traffic forecast to 214 million from 216 million due to capacity limits aimed at managing exposure to unhedged fuel, while reiterating it would not levy a fuel surcharge even as other airlines passed higher costs into fares.1 Mr O'Leary also said Ryanair was 80% hedged for FY2027 at about USD67 per barrel, but its unhedged 20% spiked amid Middle East conflict, alongside rising environmental taxes, maintenance and crew pay pressures.2