Economics
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 has reported a substantial decline in its profitability, attributing the downturn to the Middle East conflict which has deterred passengers and escalated jet fuel expenses.
The Irish airline's pre-tax profits decreased
oil pricesryanair profitsmiddle east conflictjet fuel pricespassenger demandairline industryeconomic impactstrait of hormuz