Europe’s largest low-cost airline posted record annual profits as rising fares and sustained travel demand helped offset aircraft delivery delays and mounting uncertainty in global fuel markets due to the Iran war.

Ryanair CEO Michael O'Leary told Reuters in late April that "the risk of a supply disruption is receding"

Ryanair reported its annual profit slightly exceeded expectations, reaching 2.26 billion euros. However, the airline cautioned that economic uncertainty, driven by higher oil…