{
    "success": true,
    "data": {
        "id": 1746994,
        "msgid": "jet-fuel-crisis-european-airlines-prepare-for-worst-case-scenarios-1780901767",
        "date": "2026-05-18 19:28:00",
        "title": "Jet Fuel Crisis: European Airlines Prepare for Worst-Case Scenarios",
        "author": "Erlangga Djumena",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Business",
        "summary": "Ryanair has developed contingency plans to mitigate the impact of the ongoing jet fuel crisis and energy market volatility. Despite hedging 80% of its summer fuel requirements, the airline warns that other European carriers may face financial collapse during the winter season.",
        "content": "<p>LONDON \u2014 The Irish low-cost carrier Ryanair has prepared emergency\nscenarios to face the jet fuel crisis. Ryanair\u2019s Chief Financial Officer\n(Cisco), Neil Sorahan, stated that the low-cost airline has plans in\nplace to manage the worst-case possibilities within the aviation\nindustry. \u201cDo we have a plan for such a worst-case situation? Of course,\nwe do. However, I do not see that scenario actually materialising,\u201d\nSorahan said, as reported by CNBC on Monday. He added that the airline\nis currently maintaining its full summer flight schedule and plans to\ncontinue operations through the winter. He noted that some airlines that\nwere already struggling might potentially collapse by the winter season.\nRyanair\u2019s shares fell 2.7 per cent during Monday\u2019s trading following the\nrelease of the company\u2019s annual performance report. Throughout the\ncurrent year, the airline\u2019s shares have weakened by approximately 27.5\nper cent. Ryanair revealed that it has hedged 80 per cent of its summer\nfuel requirements at a price of 668 US dollars per metric ton. This move\nwas made amidst economic uncertainty caused by conflicts in the Middle\nEast and the blockade of the Strait of Hormuz. Meanwhile, the remaining\n20 per cent of unhedged fuel requirements have experienced price surges\ndue to energy market volatility. Nevertheless, Sorahan emphasised that\nRyanair has no plans to cancel flights. He suggested that several\nEuropean airlines could face financial difficulties similar to those\nexperienced by Spirit Airlines in the US, which collapsed after the jet\nfuel crisis exacerbated long-standing issues such as high debt and\nsurging operational costs. \u201cWe are in a very volatile oil market. A few\nmonths ago, there were concerns regarding oil supply, but we are now\nincreasingly confident that the supply for this summer will not become a\nmajor problem,\u201d he said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/jet-fuel-crisis-european-airlines-prepare-for-worst-case-scenarios-1780901767",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}