Ryanair warns soaring jet fuel prices could push weaker European airlines toward collapse. Unhedged fuel costs have more than doubled to $150/bbl, forcing Ryanair to cut its annual passenger target from 216M to 214M. #JetFuel#Oil#Airlines
Ryanair cut its winter traffic target from 216M to 214M passengers as soaring jet fuel prices bite. While 80% of its fuel is hedged at $67/bbl, the remaining 20% is exposed to prices near $140/bbl. #Oil#JetFuel#Airlines
