Ryanair profits drop as Iran war puts off passengers and lifts fuel costs
- Ryanair's profits have fallen sharply as war in the Middle East sent jet fuel prices soaring and customers reluctant to book flights.
- The Irish airline's pre-tax profits dropped 34% to €593m (£503m) between April and June while sales were flat as the company was forced to cut fares to stimulate demand.
- Ryanair also said it expects summer fares to be slightly lower than last year due to "consumer hesitancy" around air travel.
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- Ryanair's profits have fallen sharply as war in the Middle East sent jet fuel prices soaring and customers reluctant to book flights.
- The Irish airline's pre-tax profits dropped 34% to €593m (£503m) between April and June while sales were flat as the company was forced to cut fares to stimulate demand.
- Ryanair also said it expects summer fares to be slightly lower than last year due to "consumer hesitancy" around air travel.
Sources: BBC News