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.

By BriefTea Editorial · 20 July 2026 at 12:29

Reported by BBC · How we write briefs

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