Ryanair takes advantage of oil price fall to lock in cheaper fuel costs

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Financial Times 18h ago

Ryanair takes advantage of oil price fall to lock in cheaper fuel costs - Financial Times

Quick Summary:

Ryanair took a €300mn hit in 2020 because of a wrong way bet on fuel prices just before the pandemic struck in 2020.

Fuel can make up as much as a third of an airline’s overall operating costs, and the fall in prices offers some relief for an industry facing questions over future demand for flying, which is typically closely correlated to the health of the economy.

The price of jet fuel has fallen more than 10 per cent so far in April, following crude oil lower as US President Donald Trump’s tariffs sparked concerns over the health of the global economy, according to data from S&P Global Commodity Insights.