Ryanair's profit drops 34% due to soaring kerosene prices
Ryanair reports a 34% year-on-year drop in net profit, down to 538 million euros.
Published 2j2 sources✓ ConfirmedNotableupdated 1j
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538 million
Ryanair reports a 34% year-on-year drop in net profit, down to 538 million euros
The fact
The low-cost airline blames the decline on soaring kerosene prices, which have doubled.
This situation is putting pressure on the margins of the European airline sector.
2 sources — click a link to read an article on the topic:
Why it matters
La baisse des bénéfices de Ryanair reflète les tensions sur les coûts énergétiques pour les compagnies aériennes, avec un impact potentiel sur les tarifs et la compétitivité du secteur.