Ryanair has issued a warning that air fares across Europe could rise significantly in 2027 if oil prices remain high, and that some airlines may struggle to stay afloat. The Irish budget airline has lowered its passenger target for the year ending 31 March from 216 million to 214 million, aiming to reduce its financial risk from "unhedged winter oil" during the less profitable winter months. Jet fuel prices have climbed to $140 (£104) per barrel, increasing operating costs for airlines that are not fully protected against price fluctuations. Ryanair expects passenger numbers between November and March to remain roughly the same as last year, despite the challenging conditions. The airline warned that if oil prices stay high into the summer of 2027, short-haul flights in Europe may see substantial fare increases. This is because some competitors, who are less protected against fuel price swings, could face difficulties maintaining their flight schedules or even survive the winter season. Brent crude, the standard benchmark for global oil prices, recently hit $97.04 per barrel, its highest level since late July, driven by renewed tensions between the US and Iran, which raised fears of disrupted supply. Despite cutting its winter schedule, Ryanair expects to reduce its winter losses by €70 million (£60 million) to €100 million. This is due to the airline having hedged 80% of its jet fuel at a lower price of $67 per barrel, which will help cushion the financial impact of rising fuel costs. While the company anticipates a profitable year, it expects its earnings to be lower than the record profit it made in 2022. Ryanair is, however, optimistic about the summer season, aiming to increase passenger numbers between April and October by more than 5%, from 138 million to 145 million. Fares are also expected to decrease slightly during August and September compared to the previous year. In contrast, Wizz Air, another budget airline, reported a 25.9% increase in passenger numbers in July compared to the same period last year, fueled by an expanded flight network. Meanwhile, Ryanair recently reassured travelers about the safety of its aircraft after a dramatic incident in July. During a flight from Thessaloniki, Greece, to Memmingen, Germany, a passenger was partially sucked out of a window after an engine failure damaged the acrylic panel. His wife, Svetlana Grković, managed to pull him back inside with the help of two other passengers, preventing a tragedy. The incident highlighted the importance of safety protocols and reinforced public confidence in Ryanair’s operations.