Ryanair 1Q income drops 29% on fuel costs

Ryanair 737-800. By Rob Finlayson Ireland-based low-cost carrier (LCC) Ryanair (FR) posted a €99 million ($121 million) net profit for the first quarter ended June 30, down 29% from €139 million year-over-year, largely due to a 27% rise in fuel costs. First-quarter revenue increased 11% to €1.3...

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