Ryanair's profit slumped by a third on higher fuel costs and weaker fares in the three months to the end of June, the airline said on Monday, while summer fares looked set to fall amid consumer nervousness around the Iran war and broader economy.

Shares in Ryanair slid after the budget carrier posted a drop in fiscal first-quarter profit, hit by lower fares and fuel-cost headwinds stemming from the conflict in the Middle East. In European morning trade,

Ryanair said it had to cut fares due to customer hesitancy around air travel due to the Middle East conflict Ryanair's profits have fallen sharply as war in the Middle East sent jet fuel prices soaring and customers reluctant to book flights.

Ryanair’s profits have fallen by more than a third after the war in the Middle East hit consumer confidence, forcing the airline to keep fares lower even as soaring jet fuel prices pushed costs higher.

Iranian missile strikes killed two U.S. service members and left a third presumed dead, marking the first American deaths from hostile fire since April.

Stocks are getting a lift from a rebound in chipmakers at the start of a week in which Big Tech earnings will help determine whether recent volatility persists or momentum returns. Oil swung between gains to losses.

Oil prices rose while U.S stock-index futures were little changed on Sunday, amid an escalation of fighting in the Middle East and as investors await key tech earnings this week.

Oil rises on rising concerns over supply disruptions in the Middle East. American military forces started conducting a new wave of strikes against Iran for ninth straight night, the U.S. Central Command said in a social-media post on X.

The consumer-price index fell 0.4% in June, representing the steepest decline in 18 months and cooling the annual rate 0.4 percentage point to 2.8%, Statistics Canada said.

Canada’s inflation rate slowed by more than expected last month as gasoline prices eased and a key measure of core inflation dropped below 2% for the first time in nearly six years.

Prices at the pump increased at a slower rate on a year-over-year basis in June compared to May, the data showed.

The annual rate of inflation eased back below three per cent in June as motorists paid less to fill up the gas tank, Statistics Canada said Monday. (July 20, 2026)

Aside from the immediate price jump, Trump's stance on the Strait of Hormuz and the seemingly inevitable oil price hikes the instability will cause is likely to have a trickle-down effect on Social Security benefits next year.

The latest 2027 Social Security COLA projection is 3.8%. This is above average compared to the last 50 years. It likely won't meaningfully increase your checks, however. The $23,760 Social Security bonus most retirees completely overlook › We're inching closer to the 2027 Social Security cost-of-living adjustment (COLA) announcement,

The Bureau of Labor Statistics reported July 14 that inflation cooled sharply in June, and the data has already changed how analysts are forecasting Social Security’s 2027 cost-of-living adjustment. But the June report isn’t one of the three that will determine the official COLA.

As unexpected June macroeconomic indicators prompt independent analysts to adjust the projected 2027 Social Security Cost-of-Living Adjustment down to 3.7%, enterprise technology partners must leverage hyper-resilient Azure analytical frameworks to govern corporate benefit projections,