Business
May 18, 2026
Ryanair Confident in Avoiding Jet Fuel Shortage, Warns of Future Fare Rises
Ryanair is confident it will avoid a jet fuel shortage this summer, but warns that holidaymakers bo…
Ryanair's Jet Fuel Assurance
Ryanair is “confident” it will not face a jet fuel shortage this summer amid fears over widespread cancellations linked to the Iran war, but warned holidaymakers booking their flights later this year could face higher fares.
Impact of Middle East Conflict on Fares
Neil Sorahan, the chief financial officer at the budget airline, said he was “increasingly confident that we will not see any supply shocks this summer”. The airline said fares had fallen in recent weeks due to uncertainty around conflict in the Middle East, with prices expected to fall by a “mid-single digit percentage” in the three months ended in June.
Future Fare Projections
The company also cut its outlook for fares this summer, with prices now expected to be “broadly flat” on last summer, after a previous forecast of a modest increase in the peak travel season. “Demand is still strong, but people are leaving it longer to book so we do not have the visibility that we normally have for July to September,” Sorahan said.
Jet Fuel Supply and Costs
The travel industry has been hit by worries around jet fuel supply this summer, as shipping through the strait of Hormuz remains restricted. Ryanair said Europe is well stocked with fuel thanks to shipments from west Africa, Norway and the Americas. The airline reported a record profit after tax of €2.26bn (£2bn) in its financial year ended in March.
Future Outlook and Guidance
However, it suspended guidance for its 2027 financial year, saying it was “far too early” to provide forecasts owing to potential increases in fuel, environmental taxes and wage bills. While Ryanair has hedged 80% of its jet fuel requirements to April 2027 at about $67 a barrel, unit costs on fuel could still rise if prices remained higher, it said.
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