Ryanair Cuts FY2027 Traffic Target as High Fuel Prices Hit Winter Flying
September 04, 2026
Ryanair has reduced its FY2027 traffic target by 2 million passengers to 214 million, trimming its winter schedule to limit exposure to unhedged jet fuel prices of around $140/barrel. The cuts are expected to reduce winter losses by €70–100 million, while summer traffic remains on track to grow over 5% to 145 million passengers. Ryanair still expects a profitable year, although profit after tax is forecast below FY2026’s record level, and warns that sustained high oil prices could drive materially higher European short-haul fares in summer 2027.
Update – Diplomatic Fallout Escalates Following Leipzig/Halle Drone Attack
September 04, 2026
Germany formally blamed Russia on 1 September 2026 for the 4 August attempted attack, after an explosives-laden drone was discovered near Ukrainian Antonov cargo aircraft at Leipzig/Halle Airport; the device failed to detonate. Berlin describes the incident as part of a wider campaign of Russian hybrid warfare, and has responded with diplomatic closures, tighter controls and calls for additional EU sanctions. Russia strongly denies responsibility
AirAsia Signs First-Ever Codeshare with Pegasus, Expanding European Connectivity
September 03, 2026
AirAsia has signed its first-ever codeshare agreement with Turkish low-cost carrier Pegasus Airlines, connecting its Kuala Lumpur–Istanbul Sabiha Gökçen service with onward flights to London Stansted, Moscow Vnukovo, Ankara, Zurich and Athens. AirAsia currently operates four weekly Istanbul flights and plans to increase these to daily from February 2027. The partnership strengthens AirAsia’s European connectivity following the cancellation of its planned Kuala Lumpur–Bahrain–London Gatwick service amid the Middle East conflict.