Ryanair's Profits Just Fell By A Third Over Higher Fuel Prices And The Iran War. Its Stock Dropped

Source: International Business Times

The Irish budget carrier said profit after tax for the three months ended June 30 fell 34% to 538 million euros ($615. 3 million), down from 820 million euros a year earlier. AFP Ryanair reported a sharp decline in first-quarter profit Monday as higher fuel costs and softer ticket prices weighed on earnings, underscoring how geopolitical tensions in the Middle East continue to ripple through the global aviation industry.