Ryanair Q1 profit down 34% as Middle East conflict lifts unhedged fuel costs and prompts fare cuts
Ryanair reported a 34% decline in first-quarter profit after tax, attributing the hit to higher jet fuel costs on the unhedged portion and weaker revenue per passenger. The airline said the Middle East conflict weakened demand and led it to slash fares, while warning limited booking visibility makes full-year guidance premature.
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