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Ryanair Struggles Amid Fuel Spike | UK News
Description
Ryanair’s profits nosedived 34% in Q2, hitting €593 million, as soaring jet fuel costs—driven by Middle East conflict and a shut-down Strait of Hormuz—forced steep price cuts to lure bookings. Despite stable sales, consumer hesitancy is pushing travelers to book closer to departure, and the airline warns full-year results hinge on geopolitical chaos and fuel volatility, with summer fares likely lower than last year.
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