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Ryanair Cuts Winter Flights Amid Rising Oil Prices

Bloomberg Markets •
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Ryanair Holdings Plc will reduce winter flight frequencies to limit exposure to unhedged fuel costs and shift capacity to lower‑fee markets such as Italy and Scandinavia. CEO Michael O’Leary criticized UK visitor taxes and proposed hotel tax increases, calling them “stupid and doomed to fail.” The airline will operate 435 routes this winter, adding new destinations from Stansted and other UK airports. Higher jet fuel prices and weaker consumer demand are pressuring carriers, prompting fare cuts to stimulate bookings.

Ryanair recently lowered its annual passenger target for the fiscal year, noting a slight rebound in ticket prices after months of decline. O’Leary also highlighted recent air traffic control disruptions, estimating £4‑5 million in losses for Ryanair due to UK ATSC issues. The winter schedule reflects a cautious approach as the industry faces increased oil exposure through 2027, with many competitors expected to trim capacity.