Irish no-frills airline Ryanair on Monday said net profit slumped 34 percent in its first quarter as the Middle East conflict sent jet-fuel prices soaring and impacted ticket sales.

Traffic climbs 6 per cent over the three months to June 30th but fuel bills soar

Ryanair's first-quarter profit took a 34% hit as consumers delayed bookings due to the Middle East crisis, while struggling airlines face a "difficult winter."