Quartz·1 min read·medium
Ryanair's profit plunged as Iran war drove up fuel costs and pushed fares down
✦AI Summary
Ryanair reported a significant drop in profits due to rising unhedged jet fuel costs linked to the Iran conflict. The airline also noted a 6% decline in fares as consumer demand softened.
Europe's largest airline by passenger numbers said unhedged jet fuel more than doubled in price while fares fell 6% amid consumer hesitancy
businesseconomy
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