Business
Add as a preferred source on GoogleThe Irish carrier is reviewing companywide costs, with higher jet fuel prices weighing on margins.
Ryanair's second-quarter net profit declined 6%, a weaker result for Europe's largest airline by passenger numbers and a setback for the company's earnings in that quarter.
Ryanair is weighing temporary pay freezes as it reviews costs across its business. Higher jet fuel prices are also pressuring margins.
Finnair reported a 34% hedge ratio for 2027, while Norwegian Air Shuttle put its coverage at about 25%. Reuters reported that Norwegian reversed some fare increases after customers resisted them.
Michael O’Leary says higher fares and fuel surcharges may not fully offset rising oil costs, squeezing airline margins.
Willie Walsh also pointed to IndiGo’s premium offering and BluChip loyalty program as growth areas; BluChip was nearing 20 million members.
