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Photograph: Pier Marco Tacca/Getty     (ryanair-warns-air-fares-europe-jump-next-year-oil-price-stays-high.html#img-1)   View image in fullscreen       Ryanair expects passenger numbers between November and March to be broadly flat compared with the same period last year. Photograph: Pier Marco Tacca/Getty       (https://www.theguardian.com/business/ryanair) Ryanair     Ryanair warns air fares in Europe will jump next year if oil price stays high    Budget carrier says airlines could go bust as it cuts passenger targets to reduce exposure to ‘unhedged winter oil’ (https://www.theguardian.com/business/live/2026/sep/02/bond-market-sell-off-shares-slide-oil-inflation-fears-latest-news-updates) Business live – latest updates            (https://www.theguardian.com/profile/juliakollewe) Julia Kollewe   Wed 2 Sep 2026 04.58 EDT  First published on Wed 2 Sep 2026 04.56 EDT   (mailto:?subject=Ryanair warns air fares in Europe will jump next year if oil price stays high &body=https://www.theguardian.com/business/2026/sep/02/ryanair-warns-air-fares-europe-jump-next-year-oil-price-stays-high?CMP=share_btn_url) Share          (https://www.google.com/preferences/source?q=theguardian.com) Prefer the Guardian on Google          Ryanair has warned that air fares in Europe will jump next year if the oil price remains high and that some airlines could go bust. The Irish budget carrier has cut its passenger target for the year to 31 March, down from 216 million customers to 214 million, to help reduce its exposure to “unhedged winter oil” during the unprofitable off season, with jet fuel currently trading at $140 (£104) a barrel.  Ryanair expects passenger numbers between November and March to be broadly flat compared with the same period last year. The company said: “If high oil prices continue through to summer 2027, Ryanair believes short-haul air fares in (https://www.theguardian.com/world/europe-news) Europe will increase materially to reflect higher oil prices, as some less well-hedged competitors will struggle to maintain capacity or even survive this coming winter season.” Brent crude, the global oil benchmark, (https://www.theguardian.com/business/live/2026/sep/02/bond-market-sell-off-shares-slide-oil-inflation-fears-latest-news-updates) touched $97.04 a barrel on Wednesday, the highest since late July, after renewed clashes between the US and Iran fuelled concerns over supply. It later eased back to just below $95. (ryanair-warns-air-fares-europe-jump-next-year-oil-price-stays-high.html#EmailSignup-skip-link-5) skip past newsletter promotion    Free newsletter | Every weekday Sign up to Business Today  Get set for the working day – we'll point you to all the business news and analysis you need every morning  ()   Enter your email  ()   Sign up      after newsletter promotion   (https://www.theguardian.com/business/2026/aug/14/ryanair-engine-parts-shattered-window-passenger-partly-sucked-out-of-report)  Ryanair window that passenger was partly sucked out of was broken by engine debris, report finds     Read more        Ryanair expects the cut to its winter schedule to reduce its winter losses by €70m (£60m) to €100m. But, because it has hedged 80% of its jet fuel at $67 a barrel, it expects to record another profitable year, albeit below last year’s record profit after tax. The airline said it was on track to increase summer passenger numbers – between April and October – by more than 5% from 138 million to 145 million. Fares are drifting “modestly down” between August and September compared with last year, as flagged in July. The rival budget airline Wizz Air reported on Wednesday that its passenger numbers had grown by 25.9% last month compared with a year earlier, driven by a jump in flight capacity. (https://www.theguardian.com/business/2026/jul/20/ryanair-says-planes-safe-passenger-nearly-sucked-out-window) Ryanair was forced to reassure travellers in July that its planes were safe after a passenger was saved from being sucked out of a window mid-flight. Ljubisa Karović was sucked out headfirst after an engine failure resulted in parts smashing an acrylic window during a flight from Thessaloniki in Greece to Memmingen near Munich in Germany. His wife, Svetlana Grković, saved her 61-year-old husband (https://www.theguardian.com/business/2026/jul/14/ryanair-passenger-sucked-through-window-flight) by holding on to his legs and managed to pull him back in with the help of two other passengers.         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(Thursday, July 16, 2026 at 02:00 AM Eastern Daylight Time) 16 Jul 2026           (https://www.theguardian.com/travel/2026/jul/11/ryanair-family-seating-policy-kids-fees-airfare-flight-airline-charges)    ()      Ryanair has axed its family seating policy – but kids’ fees still add up   (Saturday, July 11, 2026 at 01:00 AM Eastern Daylight Time) 11 Jul 2026           (https://www.theguardian.com/business/2026/jul/10/ryanair-passenger-almost-sucked-out-of-shattered-window-during-flight)    ()      Ryanair passenger almost sucked out of shattered window during flight   (Friday, July 10, 2026 at 10:08 AM Eastern Daylight Time) 10 Jul 2026           (https://www.theguardian.com/business/2026/jun/25/ryanair-adopts-free-of-charge-family-seating-policy-after-watchdog-investigation)    ()      Ryanair adopts ‘free of charge’ family seating policy after watchdog investigation   (Thursday, June 25, 2026 at 08:58 AM Eastern Daylight Time) 25 Jun 2026           (https://www.theguardian.com/business/2026/apr/22/ryanair-close-bag-check-in-20-minutes-earlier-concern-europe-border-queues)    ()      Ryanair to close check-in 20 minutes earlier amid concern over Europe border queues   (Wednesday, April 22, 2026 at 08:33 AM Eastern Daylight Time) 22 Apr 2026                        Most viewed      Most viewed                                                               (https://www.theguardian.com/world) World  (https://www.theguardian.com/world/europe-news) Europe   (https://www.theguardian.com/us-news) US news  (https://www.theguardian.com/world/americas) Americas  (https://www.theguardian.com/world/asia) Asia  (https://www.theguardian.com/australia-news) Australia  (https://www.theguardian.com/world/middleeast) Middle East  (https://www.theguardian.com/world/africa) Africa  (https://www.theguardian.com/inequality) Inequality  (https://www.theguardian.com/global-development) Global development       (https://www.theguardian.com/) News  (https://www.theguardian.com/commentisfree) Opinion  (https://www.theguardian.com/sport) Sport  (https://www.theguardian.com/culture) Culture  (https://www.theguardian.com/lifeandstyle) Lifestyle    Original reporting and incisive analysis, direct from the Guardian every morning (https://www.theguardian.com/info/2018/sep/17/guardian-us-morning-briefing-sign-up-to-stay-informed) Sign up for our email     (https://www.theguardian.com/info/about-guardian-us) About us  (https://manage.theguardian.com/help-centre) Help  (https://www.theguardian.com/info/complaints-and-corrections) Complaints & corrections  (https://www.theguardian.com/info/about-guardian-us/contact) Contact us  (https://www.theguardian.com/tips) Tip us off  (https://www.theguardian.com/securedrop) SecureDrop  (https://www.theguardian.com/info/privacy) Privacy policy  (https://www.theguardian.com/info/cookies) Cookie policy  (https://uploads.guim.co.uk/2026/07/22/STL_Global_Tax_Strategy_for_the_year_to_31_March_2027.pdf) Tax strategy  (https://www.theguardian.com/help/terms-of-service) Terms & conditions   (https://www.theguardian.com/index/subjects/a) All topics  (https://www.theguardian.com/index/contributors) All writers  (https://www.theguardian.com/email-newsletters?INTCMP=DOTCOM_FOOTER_NEWSLETTER_US) Newsletters  (https://theguardian.newspapers.com) Digital newspaper archive  (https://bsky.app/profile/us.theguardian.com) Bluesky  (https://www.facebook.com/theguardian) Facebook  (https://www.instagram.com/guardian) Instagram  (https://www.linkedin.com/company/theguardian) LinkedIn  (https://www.threads.com/@guardian_us) Threads  (https://www.tiktok.com/@guardian) TikTok  (https://www.youtube.com/user/TheGuardian) YouTube   (https://usadvertising.theguardian.com) Advertise with us  (https://www.theguardian.com/guardian-labs-us) Guardian Labs  (https://jobs.theguardian.com) Search jobs  (https://workwithus.theguardian.com/) Work with us  (https://www.theguardian.com/help/accessibility-help) Accessibility settings         (ryanair-warns-air-fares-europe-jump-next-year-oil-price-stays-high.html#top) Back to top      © 2026Guardian News & Media Limited or its affiliated companies. 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