Report
Ryanair plans cost cuts to offset an expected €2 billion rise in fuel costs
Ryanair is reviewing airport deals and crew staffing and may use AI after first-half after-tax profit fell 15%.
TLDR
The airline expects its fuel bill to rise by €2 billion in its next fiscal year. It is looking at airport agreements and maturing labor contracts, considering fewer crew members on planes and possibly using AI to reduce expenses. The cost drive follows a 15% drop in after-tax profit for the first fiscal half.
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