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Ryanair Q1 Profit Drops 34% Amid Rising Fuel Costs and Lower Fares

Ryanair's first-quarter profit fell by 34% to €538 million, primarily due to increased fuel costs, partly attributed to the Iran war, and a reduction in airfares. The airline's stock also saw a decline following the announcement.

20 Jul, 06:15 — 20 Jul, 11:21
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Sources

Showing 9 of 15 sources
BBCHigh1d ago

Ryanair profits drop as Iran war puts off passengers and lifts fuel costs

The Irish airline said oil prices had increased costs meanwhile Brent crude surpassed $90.

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bloombergHigh1d ago

Ryanair Profit Hit By Rising Oil Prices and Fare Reductions - Bloomberg.com

Ryanair Profit Hit By Rising Oil Prices and Fare Reductions  Bloomberg.com

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FTVery High1d ago

Ryanair profits fall 34% as Middle East war hits ticket and fuel prices

Budget carrier declines to issue full-year guidance and warns it is ‘heavily dependent’ on late bookings

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cnbcMostly Factual1d ago

Ryanair stock slides 6% as higher fuel costs amid Iran war dent profit

Ryanair's first-quarter profit took a 34% hit as consumers delayed bookings due to the Middle East crisis, while struggling airlines face a "difficult winter."

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The IndependentMostly Factual1d ago

Ryanair profits hit by soaring jet fuel prices and fare cuts

The Irish low-cost carrier reported a 34% drop in profits after tax to 538 million euros (£457 million) for the three months to the end of June.

By Holly Williams

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YahooMostly Factual1d ago

Ryanair Q1 profit falls 34% on Iran war fuel costs, lower fares

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irish-independent1d ago

Ryanair’s first-quarter profit down 34pc as higher oil prices and weaker demand squeeze results

By Donal O'Donovan

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the-journal1d ago

Ryanair profits slump by more than a third as fuel costs soar

The airline said conflict in the Middle East contributed to weaker fares and higher jet fuel prices.

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Daily SabahMixed1d ago

Ryanair profits plunge by over 30% on fuel cost spike, lower fares

Ryanair's profit slumped by more than a third on higher fuel costs and weaker ‌fares in the April-June quarter, the Irish no-frills airline said on Monday, while summer f...

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