The UK budget airline has announced that no changes will be made to its summer schedule as jet fuel prices hike due to hedging fuel contracts before the outbreak of war
Ryanair has announced that they will not be making any flight changes until March 2027(Image: GordZam via Getty Images)
Ryanair has announced that they will not be making any flight changes until March 2027 due to fuel costs.
The budget airline said that its summer schedule will not change because it had hedged its fuel contracts before the Iran war broke out.
The announcement comes after airlines have been given the go ahead to run less flights this holiday season, with several having already made cancellations.
It has been confirmed by the EU transport commissioner that airlines that cancel flights due to fuel shortages will have to compensate passengers under European law, however this could differ in the UK.
Since the outbreak of war on February 28, the cost of fuel has spiked and the closure of the strait of Hormuz has blocked off the shipping passage from the Middle East.
However, Ryanair have confirmed that they have fuel supplies until March 2027 and will not be cutting down flights over the coming months.
A spokesperson for the airline said: “As Ryanair has hedged 80% of our jet fuel to March 2027 at $67 per barrel – less than half current spot prices – we do not plan any cuts to our schedule this summer.”
Elsewhere, plans are being made to put together realistic flight schedules so passengers don’t face last minute disruption.
A UK government spokesperson said: “UK airlines are clear that they are not currently seeing a shortage of jet fuel. Aviation fuel is typically bought in advance and airports and suppliers keep stocks of bunkered fuel to support their resilience.
“We continue to work with fuel suppliers, airports, airlines and international counterparts to keep flights operating. We are also consulting on measures to help airlines plan realistic flight schedules which will avoid last-minute disruption and protect holidays.”
Last week, it emerged that penalties for airlines that cancel UK flights because of jet fuel issues have been eased.