45FINANCE
⚡ Markets: Rising fuel costs directly squeeze airline profit margins, leading to reduced capacity and higher ticket prices, which can dampen consumer travel demand. The warning signals pressure on the European travel and tourism sector.RYAAYJet FuelIAG.L
Ryanair has reduced its winter flight schedule and lowered its passenger forecast, citing exposure to unhedged jet fuel prices that could reach $140 per barrel. The airline warned that sustained high oil prices will lead to significant airfare hikes across Europe next year and could cause some weaker airlines to fail.
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