CNBC·3 min read·medium
Ryanair profit slumps 34% as airlines brace for a 'difficult winter' amid Middle East crisis - CNBC
S
Sawdah Bhaimiya
✦AI Summary
Ryanair reported a 34% drop in quarterly profits as geopolitical tensions in the Middle East caused consumer hesitancy and delayed bookings. Despite high passenger numbers, the airline faced increased operating costs and lower ticket fares.
Ryanair warned on Monday that struggling European airlines are facing a "difficult winter" ahead, as the budget carrier reported first-quarter profit that took a 34% hit due to consumers delaying bookings amid the Middle East crisis
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