Ryanair trims routes to offset fuel‑cost losses

Ryanair announced it will scale back its programme, focusing on less profitable routes, in an effort to limit winter losses estimated between €70 million and €100 million. The airline said the cuts should help balance the impact of current jet‑fuel prices of about $140 per barrel, while its 80 % fuel hedge at $67 per barrel will limit exposure. Analyst Savanthi Syth noted that the measure will reduce intra‑EU capacity growth in the fourth quarter from the planned 3 % to roughly 2 % annually. Ryanair also reduced its passenger target for the period ending 31 March to 214 million, a slight dip from the previous 216 million.