Airlines · Tuesday, 21 July 2026
Ryanair profits down a third as Iran war hits unhedged fuel and forces fare cuts
Ryanair reported a 34% drop in first-quarter profits to €538 million due to rising fuel costs and necessary fare reductions.
TL;DR
The carrier cited a doubling in the cost of its unhedged fuel and a 6% reduction in fares to stimulate demand amid Middle East conflict and economic uncertainty. The results highlight the significant financial pressure regional instability and fuel price volatility are placing on European budget carriers.
FlightGlobal20 Jul, 07:24 BST
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