Ryanair Reports 34% Drop in Q1 Profit Amid Rising Fuel Costs and Middle East Crisis
Ryanair's first-quarter profit fell by 34%, dropping to €538 million due to rising fuel costs for its unhedged exposure and declining ticket fares. The airline warned of a 'difficult winter' ahead as the ongoing Middle East crisis causes consumer hesitancy, delayed bookings, and economic uncertainty.
Tickers: $RYAAY
Topics: Fuel Costs Middle East Conflict Impact Q1 Earnings Ryanair