Back to today’s briefing

Story perspectives

Ryanair Keeps Full Summer Schedule, Hedge Fuels, Orders 300 MAX-10s

5/19/2026

46 6 Full Breakdown

Summary

Ryanair Secures Summer Flights

Ryanair will operate a full summer schedule despite the jet-fuel crisis.
CEO Michael O’Leary said Ryanair hedged 80 percent of fuel through April 2027 at $67 per barrel while market prices hit $200 per barrel.
CFO Neil Sorahan said he expects no supply shocks this summer.
Ryanair ended March 2026 with €2.1 billion cash, 647 aircraft and orders for 300 Boeing 737 MAX-10 jets that will add 20 percent seats and cut fuel use by 20 percent.

Summary

Ryanair Gains Share

Spirit Airlines, bankrupt since August, ceased operations this month, becoming the first major carrier to fold because of the jet-fuel price surge.
Ryanair’s shares, down roughly 22% year-to-date, rose over 5% on Monday, closing up 6%.
CFO Neil Sorahan warned that weaker European airlines may go to the wall this winter, suggesting Ryanair could capture additional market share.

History

Historical Context

During the 2008 global financial crisis, the United States experienced oil prices that later fell about 60 percent, while Iceland’s banking system collapsed in October. The sharp commodity swing and the Great Recession forced airlines to confront significant fuel-cost volatility, prompting later industry-wide widespread adoption of hedging and more efficient fleets.

1 of 3

Ryanair Secures Summer Flights

Ryanair will operate a full summer schedule despite the jet-fuel crisis.
CEO Michael O’Leary said Ryanair hedged 80 percent of fuel through April 2027 at $67 per barrel while market prices hit $200 per barrel.
CFO Neil Sorahan said he expects no supply shocks this summer.
Ryanair ended March 2026 with €2.1 billion cash, 647 aircraft and orders for 300 Boeing 737 MAX-10 jets that will add 20 percent seats and cut fuel use by 20 percent.

1 / 3