nuNov 2, 2026, 07:10

High kerosene prices force Ryanair to cut costs, freeze wages and reduce destinations

Ryanair is implementing significant cost-cutting measures, including wage freezes and route adjustments, to compensate for rising fuel expenses and geopolitical pressures. Despite a growth in passenger numbers, the airline faces a challenging financial outlook and is shifting operations to markets with lower taxation.

Ryanair reported a 6 percent rise in passenger numbers to 125.8 million, though revenue growth was tempered by a 4 percent decrease in average ticket prices and increased costs. Rising fuel expenses, exacerbated by the need to purchase 20 percent of its supply at higher market rates, have placed significant financial pressure on the airline. The company noted that geopolitical uncertainty in the Middle East has led to more hesitant booking behavior among travelers, further complicating financial planning for the upcoming fiscal year.

To address an estimated 2 billion euro increase in fuel costs for the next year, Ryanair is implementing strict cost-cutting measures, including wage freezes, potential reductions in staffing levels, and a review of airport agreements. The airline is also shifting capacity away from regions with high aviation taxes toward more cost-efficient markets. Despite these challenges, the company aims to expand its fleet with new Boeing 737 MAX-10 aircraft, targeting over 220 million passengers next year while integrating artificial intelligence to improve operational efficiency.

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Based on reporting by nu. Translated and condensed by LocalHeadlines.

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