Ryanair Profit Hit By Rising Oil Prices and Fare Reductions
Ryanair Holdings Plc said first-quarter profit fell 34% as the Middle East conflict drove up oil prices and weakened demand, forcing the budget airline to cut fares during the peak...
By Kate Duffy · Bloomberg
Ryanair Holdings Plc said first-quarter profit fell 34% as the Middle East conflict drove up oil prices and weakened demand, forcing the budget airline to cut fares during the peak summer travel season.