Business · 20 July 2026
Ryanair profit falls 36% as higher jet fuel costs eat into earnings
Operating costs rose 11% to €3.8bn in the three months to June after the price of unhedged jet fuel more than doubled to $150 a barrel. Ryanair said lower fares, linked to weaker demand during the Middle East conflict, pushed revenue down 1% to €4.3bn even though passenger traffic rose 6%. Shares fell 5.7% on Monday as the airline warned future pricing depends heavily on late summer bookings.
Reported by City AM · How we write briefs