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Ryanair warns air fares in Europe will jump next year if oil price stays high
BusinessThe Guardian02 Sept, 03:01 pmAtlasHour
Business

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’ Business live – latest updates 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...

Source-linkedAtlasHour DeskThe Guardian02 Sept, 03:01 pm

What happened

Budget carrier says airlines could go bust as it cuts passenger targets to reduce exposure to ‘unhedged winter oil’ Business live – latest updates 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.

Why it matters

AtlasHour context: this story may affect public policy, global affairs, business confidence, technology direction, energy security, or civic life.

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The story is being tracked through Crude Oil.

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Crude Oil

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AtlasHour context: this story may affect public policy, global affairs, business confidence, technology direction, energy security, or civic life.

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The Guardian

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