Ryanair has revealed that it has hedged 80% of its jet fuel.
The airline has hedged 80% of the jet fuel it will use through April 2027 at approximately USD 67 per barrel. The price of the remaining 20% that is not hedged has been affected by a sharp surge, and when taking into account the impact of significant pay raises for crew members, unit costs could rise by a mid–single-digit percentage.
Jet fuel for Europe is procured from West Africa, the Americas (North and South), and Norway. The spot price of jet fuel on the global market has exceeded USD 150 per barrel.
For the fiscal year ending March 2027, Ryanair expects passenger numbers to increase by 4% year-on-year to 216 million. Since capacity on short-haul routes within the European Union is constrained in the summer schedule, fares are expected to rise slightly compared to the previous year.
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