0635 GMT - Ryanair's future profitability depends largely on either lower fuel costs or reduced airline capacity across the industry, Bernstein analysts Alex Irving and Antoine Madre say in a research note. When fuel prices rise significantly, airlines such as the Irish budget carrier typically respond by cutting flights or exiting the market altogether, the analysts say. This reduction in capacity often allows airlines to charge higher ticket prices, helping restore profitability, they add. Ryanair is well positioned to benefit from either scenario, Irving and Madre say. Lower fuel prices would directly reduce costs, while industry-wide capacity cuts could support higher fares, they add. (nina.kienle@wsj.com)

(END) Dow Jones Newswires

June 08, 2026 02:36 ET (06:36 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.