Ryanair to Hold Off Jet Fuel Hedging Amid Iran War Uncertainty

Ryanair is unlikely to hedge its jet fuel costs before June, awaiting clarity on prices amid the Iran war. European carriers typically hedge 80% of fuel needs for the year, but some are delaying new hedges in hopes of falling prices. Jet fuel prices have risen to $180 per barrel, with 40% of the world's fuel passing through the Strait of Hormuz. Despite the conflict, markets forecast a price fall over the year.