Ryanair on Monday warned of weakness in ticket prices during its peak summer months, but said the threat of fuel shortages was receding as suppliers adapted to the prolonged closure of the Strait of Hormuz.
The comments came as Europe's largest airline by passenger numbers reported a record profit for the fiscal year that ended in March, slightly ahead of analyst expectations. Ryanair said last week it did not expect a disruption to jet fuel supplies in Europe this summer but that its profit might come under "a bit of pressure" if oil prices remained high for longer.
