Ryanair cuts full-year traffic guidance and warns profits will fall

Ryanair has reduced its projected growth in passenger numbers for fiscal year 2027, citing the significant impact of elevated oil prices. The airline anticipates a decrease in net profit compared to the preceding financial period due to this ongoing pressure. Specifically, high fuel costs are affecting Ryanair’s unhedged expenses, contributing substantially to the revised outlook. This situation poses a considerable threat to several European airlines, potentially jeopardizing their future viability. Analysts suggest that these challenging conditions could lead to increased competition within the industry.