Ryanair cut winter capacity to limit exposure to unhedged jet fuel it warned
could reach $140/barrel, saying it has hedged roughly 80% of its jet fuel needs
but still needs to reduce flying. The carrier expects the cuts to save €70–100m
($81–115m). Ryanair said sustained high jet fuel would threaten the viability of
some airlines and would drive substantial increases in European short‑haul fares
next year. Carlyle senior adviser Jeff Currie warned weeks earlier that
refined‑product markets—not crude—are the key constraint, noting refiners
consume crude while end users consume gasoline, diesel and jet fuel, and those
markets are in worse shape.
