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Ryanair’s Profit Plunge Amid Fuel Crisis | Cork News
Ryanair’s latest earnings drop hard—profits fell 34% to €538 million as soaring jet fuel prices, fueled by Middle East tensions and Strait of Hormuz disruptions, crushed margins. Despite moving 61.3 million passengers and seeing a revenue uptick, operating costs jumped 11%, leaving the bottom line bruised. CEO Michael O’Leary warns the airline remains highly vulnerable to global chaos—conflict, fuel spikes, or European air traffic snarls could all derail forecasts. With bookings still clustered near departure, long-term projections remain murky, even as summer travel volumes soar. Listen in…
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