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Ryanair profits drop nearly €300m due to US–Iran conflict and fuel costs
Irish airline Ryanair posted a profit drop of nearly €300 million, driven by high jet fuel costs linked to the US–Iran conflict. CEO Michael O'Leary warned that the airline's budget will be highly sensitive this year to any escalation in the Middle East or Ukraine. Rising operational costs have hit the low-cost carrier's financial results hard.
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