Ryanair warns air fares in Europe will jump next year if oil price stays high

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- 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…
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- Ryanair on Wednesday reduced its winter capacity to mitigate its exposure to unhedged jet fuel prices of $140 per barrel, illustrating the real-economy impact of the energy crisis.
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