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Ryanair Profit Plummets 34% Amid Unhedged Fuel Spike

7/20/2026

40 9 Full Breakdown

Summary

Story summary

Ryanair posted a 34% drop in pre-tax profit to €593 million April-June, blaming unhedged jet-fuel spikes and weaker Middle East war demand.
After-tax profit fell to €538 million, fares fell 6% while revenue rose 1% to €4.4 billion and passengers grew 6% to 6.1 million.
About 20% of fuel stayed unhedged, exposing Ryanair to price spikes that more than doubled, leading CEO Michael O'Leary to say hedging gives an edge, shares fell 5% Monday.

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Story summary

Ryanair posted a 34% drop in pre-tax profit to €593 million April-June, blaming unhedged jet-fuel spikes and weaker Middle East war demand.
After-tax profit fell to €538 million, fares fell 6% while revenue rose 1% to €4.4 billion and passengers grew 6% to 6.1 million.
About 20% of fuel stayed unhedged, exposing Ryanair to price spikes that more than doubled, leading CEO Michael O'Leary to say hedging gives an edge, shares fell 5% Monday.