Ryanair reports a sharp fall in profit as the Iran war affects airline operations through higher fuel expenses and softer demand. The airline says oil and jet fuel costs rise because unhedged fuel prices move with the market; sources note that jet fuel prices more than double and that Brent crude moves above $90. At the same time, Ryanair says it reduces fares, with multiple outlets describing modestly lower prices in the second quarter. One report says fares fall around 6%, while another says they continue to come down modestly. Several sources link the pricing pressure to passenger hesitancy or “puts off” travelers amid uncertainty connected to the conflict. Despite the profit decline, Ryanair also reports that passenger traffic continues to grow, with one figure cited as traffic up about 6%. Across the coverage, the common theme is that the cost shock from fuel dominates the earnings picture, while revenue is pressured by lower fares and demand softness tied to the Iran war.