World · Malaysia Bureau
Ryanair to slash winter flights as fuel costs bite
The budget airline plans a temporary reduction to its winter schedule in a bid to offset soaring oil prices. The carrier expects the move to trim winter losses by between €70 million and €100 million.
LSN Malaysia ·
Ryanair has announced plans to cut its winter flight schedule as the European carrier grapples with escalating fuel costs. The airline described the measure as a one-off adjustment designed to mitigate losses during the traditionally weaker winter season.
The cost-cutting initiative is expected to deliver savings of between €70 million and €100 million across the winter period, according to the airline's financial projections. The move comes as carriers across Europe face mounting pressure from elevated oil prices, which remain a significant operational expense.
The temporary schedule reduction will affect Ryanair's network across its European markets, though the airline has not disclosed specific routes or the scale of capacity cuts. The airline has built its reputation on maintaining aggressive growth and high frequency schedules, making such adjustments relatively rare.
Ryanair joins other European carriers in adopting measures to shield profitability from volatile fuel markets. The airline's strategy reflects broader industry challenges as carriers balance capacity expansion with cost management in an uncertain economic environment.