Ryanair posts record €2.26B profit but withholds fare forecast

Ryanair, Europe's largest budget carrier, reported a record annual profit of €2.26 billion, a 40% increase from the previous year. The airline attributed the surge to strong travel demand and higher fares. However, citing uncertainty in Middle East fuel prices, Ryanair declined to provide a forward-looking forecast for fares. The profit announcement marks a milestone for the carrier, which has faced volatile fuel costs and geopolitical tensions. The company's cautious outlook reflects broader concerns in the aviation industry about fuel price instability and its impact on future profitability.