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Ryanair cuts winter capacity amid jet fuel forecast of $140 a barrel

The airline said it is reducing winter capacity to limit exposure to unhedged jet-fuel costs priced at $140 per barrel.

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Ryanair is cutting its winter capacity as it braces for jet fuel costs that it described as unhedged exposure to $140 per barrel, according to MarketWatch. The move is aimed at reducing the impact of higher fuel prices on its winter operations.

MarketWatch reported that the capacity reduction highlights how the broader energy crisis is flowing through to airline economics, since fuel is a major input cost for airlines.

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