The boss of Ryanair has said the budget carrier is "better protected" against rising oil prices than its rivals amid Russia's invasion of Ukraine.
Chief executive Michael O’Leary told reporters the carrier would be “largely insulated” from rising fuel costs for the next 12 months.
He said Ryanair had hedged 80% of its fuel needs until March next year at around 63 US dollars per barrel. Brent crude hit a seven-year high of 113 US dollars per barrel on Wednesday (March 2) as Russia continued its bombardment of Ukraine.
