Business · 20 July 2026
Ryanair profits drop 34% as Middle East conflict raises fuel costs
Ryanair's pre-tax profits fell by 34% to €593 million between April and June. The Middle East conflict caused jet fuel prices to soar and made customers hesitant to book flights, forcing the airline to cut fares by 6%. Passenger numbers rose by 6% to 61.3 million, but Ryanair anticipates a small reduction in summer airfares.
Reported by BBC · How we write briefs