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Ryanair profit falls 34% as Middle East crisis delays bookings
The airline said it expects a difficult winter even as it believes there is still no shortage of travellers.
Ryanair reported that its first-quarter profit fell 34%, citing consumer booking delays tied to the Middle East crisis. CNBC World reports the profit hit reflects weaker demand timing even as travel interest remains intact.
The company also warned that airlines facing weaker positions may confront a difficult winter, pointing to broader pressure across the sector. CNBC Earnings notes that despite the near-term dent to earnings, Ryanair maintains there is no shortage of travellers.
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