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Ryanair's earnings fall short amid lower fares
Ryanair has warned that the average ticket prices during the summer season will decline slightly compared to last year due to geopolitical tensions, particularly the war with Iran. Its after-tax profits for the quarter ending in June were affected by weaker-than-expected performance both domestically and globally. The company reported profits of €538 million ($615.6 million), below the forecast of €579 million, with ticket prices down 6% year-over-year due to consumer hesitation and increased economic uncertainty. It is expected that ticket prices will remain stable or decline modestly in the second quarter, with the final results for the first half depending on bookings in August and September. The company confirmed that late bookings remain the main source of profits despite economic and geopolitical challenges affecting the European and American markets.
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