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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Ryanair reported a 36% drop in first-quarter after-tax profit, missing analyst estimates as operating costs climbed 11% to €3.8bn. The decline was primarily driven by geopolitical tensions causing unhedged jet fuel prices to double to $150 per barrel. Additionally, the airline warned that average summer fares are expected to be lower than last year due to ongoing global uncertainty.