Ryanair is trading at €24.78 (-4.55%) after reporting a 34% drop in first-quarter profit and warning that summer fares should stay below last year’s levels.
- Lower fares and higher unhedged fuel costs impacted results, with average fares down 6% and total operating costs up 11%.
- Management signaled a cautious outlook for the peak summer season, citing broader consumer pressure and geopolitical tensions in the Middle East.
- The results reflect a challenging environment for airlines as jet-fuel prices remain elevated and fare growth stalls.