Ryanair to Raise Fares, Freeze Wages as Fuel Costs Jump $2.24B

Ryanair reported a 6% drop in quarterly profit to $1.80B and plans to raise ticket prices and freeze wages to offset an expected $2.24B increase in fuel costs. The move signals airline pricing power amid rising energy costs, with implications for consumer inflation and travel demand. The extent of fare increases and demand elasticity remains uncertain.

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