Reuters • Conor Humphries

Ryanair Q1 profit down 34% as Middle East conflict lifts unhedged fuel costs; airline cuts fares while launching record 2026/27

Ryanair reported a more-than-a-third drop in first-quarter profit after tax, driven by sharply higher unhedged jet-fuel costs and lower revenue per passenger. The Middle East conflict weakened demand and delayed bookings, prompting fare reductions and leaving full-year guidance uncertain. In parallel, Ryanair unveiled a record 2026/27 winter schedule with 1,700 routes across 35 countries, including 140+ new routes.