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, while the company maintains hedges for jet fuel in 2027 and 2028 to mitigate volatility. CEO Michael O'Leary highlighted consumer hesitancy and economic uncertainty as key factors, warning of a challenging winter for European airlines. Ryanair's conservative fuel hedging provides a cost advantage over competitors despite the difficult environment.
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...
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...
