Ryanair Stock Slides 6% as Higher Fuel Costs Amid Iran War Dent Profit Ryanair's latest financial report has delivered a stark warning for European airlines.
The budget carrier's first quarter profit took a 34% hit due to consumers delaying bookings amid the Middle East crisis, a trend that is set to continue in the coming months.
The airline's reliance on hedging has insulated it from some of the volatility, but other carriers are not so fortunate.