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Mon, 20 Jul 2026

Mon, 20 Jul 2026 Ryanair profits drop as Iran war puts off passengers and lifts fuel costs

The Irish airline said oil prices had increased costs meanwhile Brent crude surpassed $90.

* Ryanair's pre-tax profits fell by 34% to €593m between April and June due to rising jet fuel prices.
* Sales were flat, with the company forced to cut fares to stimulate demand.
* The airline expects summer fares to be slightly lower than last year due to "consumer hesitancy" around air travel.
* Crude oil prices hit $90 (£67) a barrel for the first time in a month on Monday, before falling back slightly.
* Ryanair's results for the year will be "highly sensitive" to external factors such as conflict escalation in the Middle East and Ukraine.
* Fares for the key summer period between July and September are expected to be "modestly" lower than last year.
* Passenger numbers rose 6% to 6.1 million, helped by the Easter holiday in April, but fares fell by 6%.
* Ryanair's share price fell 5% on Monday.