Ryanair looks to further slash costs as high fuel price dents first-half profits

Ryanair intends to significantly reduce operational expenses in response to rising fuel prices impacting its first-half profitability. The airline plans to deploy Boeing 737 Max 10 aircraft at airports characterized by lower fees, strategically shifting capacity accordingly. To mitigate the effects of elevated oil costs, Ryanair is considering temporary pay freezes for its employees. Furthermore, the company anticipates that high fuel prices will persist through “well into 2027,” necessitating continued cost-cutting measures. This strategy involves reducing crew ratios alongside other adjustments aimed at offsetting the financial strain caused by the current market conditions.