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    Ryanair's Profit Drops 34% Amid Rising Costs

    5 days ago

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    Ryanair reported a 34% decline in first-quarter profit, falling to €538 million from €820 million, due to higher oil prices and reduced demand linked to the war in Iran. Revenue increased by 1% to €4.38 billion, with passenger numbers up by 6% to 61 million. The airline's costs surged by 11% to €3.81 billion, with 80% of fuel costs hedged.
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