Ryanair: The Fuel Price Selloff Is Overdone, But Jet Fuel Shortages Are A Risk

Ryanair Holdings plc remains a Buy, with a 32% upside and $75.77 price target, despite recent share price underperformance and rising fuel costs. RYAAY's fuel costs comprise 42-45% of operating expenses, making it highly sensitive to fuel price fluctuations, but robust hedging shields much of this risk. Fuel hedge gains are fading, prompting Ryanair to consider fare increases and selective route cuts to preserve margins amid elevated jet fuel prices.