Fuel for Concern: Ryanair's Earnings Take a Hit The Irish low cost carrier's latest financial report shows the volatile nature of the aviation industry.
Even seemingly impregnable airlines can be battered by external forces. Ryanair's quarterly profits have plummeted by 34% to €538 million, a casualty of soaring jet fuel prices and aggressive fare cuts.
Soaring jet fuel prices are largely driven by global oil market fluctuations.