Ryanair prepares a shock plan to mitigate the impact of the oil price escalation, which foresees an increase in its kerosene bill by approximately 2 billion euros for the 2028 fiscal year.
Among the measures on the table are a possible temporary salary freeze, the adjustment of crew ratios per flight, the renegotiation of airport fees, and a greater commitment to artificial intelligence to increase internal productivity, according to the tourism publication Preferente.com.
The group's CEO, Michael O’Leary, warns that the tension in the Middle East will continue to make fuel more expensive and predicts increases of up to 20% in short-haul airfares in Europe.
This increase is already affecting the airline's accounts: during its first fiscal half-year, net profit fell by 15% (to 2.15 billion euros) due to a 10% rise in operating expenses and uncovered fuel that doubled in price, despite having transported 6% more passengers.
Faced with this scenario, the low-cost airline slightly lowers its annual target to 214 million passengers and cuts winter frequencies to contain the consumption of unprotected fuel —of which it has barely covered 25% for the fiscal year after March 2027—.
Nevertheless, the company is confident in regaining its expansionary momentum and surpassing 220 million travelers by relying on the deliveries of the Boeing 737 MAX 10, safeguarding margins through strict cost discipline.
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