Ryanair profits slide on high fuel costs

Budget airline Ryanair is blaming a multi-million slide in profits on hugely increasing fuel costs. The Irish airline which operates 1,500 flights a day made €40million (£31m) less in the first quarter of 2012 than the same period a year ago, despite carrying more passengers. Michael O’Leary, Ryanair’s Chief Executive said today: “As we previously […]

Ryanair: Fuel costs will curb future profit

Ryanair’s boss says rising fuel costs mean it is unlikely the budget airline will see profits beyond expectations – and they’ll almost certainly drop next year. His comments come as Ryanair published its yearly figures with record profits up by a quarter to €503million (£407m), higher than expected. This was despite the low-cost airline’s fuel bill rising […]