Ryanair says fuel-shortage risk is receding as suppliers adapt to Strait of Hormuz closure
Ryanair says the risk of jet-fuel shortages is receding as suppliers adapt to the closure of the Strait of Hormuz, easing one of the main concerns hanging over the airline's summer outlook. The comments came as Europe's largest airline by passenger numbers reported annual results and warned that consumer anxiety linked to the US-Israeli war on Iran could still weigh on fares. The company said pricing for the July-to-September period is now trending broadly flat, rather than rising as it had previously expected.Chief financial officer Neil Sorahan said the airline is increasingly confident there will be no disruption to jet-fuel... [Continue Reading]
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