Rising tensions and military strikes between the US and Iran have pushed oil prices above $90 per barrel, sparking concerns about economic impact. While the stock market has so far shrugged off the conflict, economists warn that sustained high energy costs could hurt consumer spending and corporate earnings, potentially leading to a market correction. The situation remains volatile with risks of prolonged conflict affecting inflation and monetary policy. Investors are advised to watch oil prices and geopolitical developments closely as they could influence market fundamentals and economic growth.
Ryanair reported Q2 earnings per share of $1.18 and revenue of $5.01 billion, both below analyst expectations. The airline's profit dropped 34% to €538 million, mainly due to a doubling in unhedged fuel prices and a 6% decline in average ticket price...
Ryanair reported a 34% drop in first-quarter profit to 538 million euros, impacted by a 6% decline in ticket fares and a doubling of unhedged fuel costs amid ongoing Middle East conflict. Operating costs rose 11%, with 20% of fuel exposure unhedged, ...
