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Ryanair Cuts Winter Traffic Target as Jet Fuel Spike Raises Rival Survival Risk

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Ryanair lowered its winter traffic target to reduce exposure to high unhedged jet fuel prices and warned some less well-hedged rivals could struggle to survive the winter. With about 20% unhedged, it is exposed to jet fuel around $140 per barrel. Higher oil prices could materially lift short-haul fares, while the Strait of Hormuz closure is also driving major fuel-cost hits across the industry.

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