Ryanair Warns of Flat Airfare Prices Amid Global Economic Uncertainty

Dublin: The global effects of the ongoing political and economic uncertainty in the Middle East and especially in Iran are now clearly visible on the aviation sector. The Irish company Ryanair, the largest low-cost airline in Europe in terms of passenger numbers, has issued a major warning on Monday. According to the airline, rising economic instability and inflation are likely to keep airfares from rising as expected during the peak summer vacation months (peak season) and prices from remaining flat, which could put a big strain on the company's upcoming profits. The profit figure is better than expected, but the future is bleak! Ryanair has announced financial results for the fiscal year ending March 2026, in which the company reported a net profit after tax of EUR2.26 billion (approximately US $2.63 billion). This figure is slightly better than the EUR2.20 billion previously forecast by market analysts and company polls, according to the airline.