Ryanair announced on 2026-09-02 that it cut its fiscal 2027 passenger growth forecast to 214 million passengers, down from an earlier forecast of 216 million, to limit exposure to fuel costs during the winter season. ^[1] Ryanair has hedged about 80% of its fuel through March 2027 at roughly $67 per barrel, leaving about 20% of its requirements exposed to current market prices. ^[2] Ryanair predicted on 2026-09-02 that less well-hedged competitors could struggle to maintain capacity or survive the coming winter season if high oil prices persist into 2027. ^[3] Ryanair, an Irish low-cost airline, warned that short European flight prices could rise significantly if high oil prices persist through the summer of 2027. ^[4] Ryanair said jet fuel trades at around $140 per barrel, more than double the price at which it locked in most of its own fuel requirements. ^[5] Ryanair stated that some airlines might face bankruptcy risks due to the sustained high costs of oil. ^[6] The warning specifically concerns the European aviation market and the duration of high oil prices extending into 2027. ^[7]