NewsHK
The Iran conflict has become the defining macro headwind for European aviation this quarter, pushing fuel costs higher while prompting consumers to delay their travel booking decisions.
Against that backdrop, Ryanair reported a 34% fall in first-quarter profit, with the airline's shares falling 6% on the back of the result.
The carrier warned that struggling airlines across the sector face a difficult winter ahead.
A simultaneous hit on margins and demand Ryanair's quarterly numbers reflect what makes the current environment particularly damaging for budget carriers.
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