Ryanair Will Use Locked-In Fuel Costs to Pressure Rival Airlines Suffering From Surging Oil Prices

Ryanair plans to use its advantageous fuel-hedging position to pressure rival carriers with lower airfares while they are forced to put up ticket prices due to the surging cost of oil, chief executive Michael O’Leary has said. Like many airlines in Europe, the Dublin-based low-cost carrier locks in