Ryanair Profit Plummets Amid Rising Fuel | Belfast News

Ryanair’s Q1 profits took a 34% hit, plummeting to €538M from €820M last year, as fuel costs more than doubled and average fares dropped 6%, even as passenger numbers rose 6% to over 61 million. Revenue climbed just 1% to €4.38B, but margins are squeezed by rising expenses and lower ticket prices. CEO Michael O’Leary notes summer bookings look strong, but travelers are booking closer to departure, making demand harder to predict — and fares are trending downward compared to last year. Still, the airline is now debt-free, a major milestone. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/55295cd205b84f93