Ryanair Q1 Profit Drops 34% Due to Higher Fuel Costs and Lower Fares
Ryanair reported a first-quarter profit of €538 million, down 34% year-on-year due to increased fuel costs from the Iran war and lower passenger fares. Operating costs rose by 11%, while total revenue grew just 1%. The results missed analyst expectations.
Tickers: $RYAAY
Topics: aviation fuel_prices geopolitical_impact profit_decline