Ryanair said Wednesday that it would reduce its winter schedule in Europe as the Irish no-frills airline and other carriers come up against higher fuel costs caused by the US-Iran war.
As a result, Europe's biggest airline by client numbers cut the passenger target for its fiscal full year to April 2027, to 214 million from 216 million.
"It is sensible to strategically reduce the group's exposure to unhedged jet fuel during the unprofitable winter schedule," Ryanair said in a statement.
Ryanair didn't release details of which flights would be axed over the winter.
The airline, which flies mainly across Europe, tends to post losses between November and March as demand tails off following the peak summer season.
