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Ryanair profit falls 34% as fuel prices surge and fares slip
Ryanair reported a net profit of €538 million for the quarter ended 30 June, a 34 percent drop from €820 million a year earlier and below analyst forecasts of €579 million. Revenue grew only 1 percent to €4.38 billion while passenger traffic rose 6 percent to 61.3 million.
Operating costs jumped 11 percent to €3.81 billion, driven primarily by a sharp rise in jet‑fuel prices. About 20 percent of the airline’s fuel needs are un‑hedged and the price of that kerosene more than doubled during the quarter, pressuring margins despite Ryanair’s 80 percent fuel‑hedging programme for FY 2027.
To sustain demand amid consumer hesitation linked to the Middle‑East conflict, Ryanair cut average ticket prices by 6 percent. The lower fares helped maintain load factors but reduced revenue per passenger. The company’s shares fell 5‑7 percent after the results and it refrained from giving full‑year profit guidance, citing ongoing fuel‑price volatility, geopolitical uncertainty and the risk of late‑booking patterns.