Ryanair prices offset fuel costs as profit soars
Article Abstract:
Ryanair Holdings PLC of Ireland posted a stellar 30 percent increase in net profit for the third quarter to 47.7 million Euros from 36.8 million Euros last year. Earnings projections for the airlines fiscal year have increased by 29 percent to 390 million Euros ($506 million). Strong revenues are due to increased prices to offset rising fuel costs.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Ryanair expects profit drop on fuel costs
Article Abstract:
Fiscal third-quarter net profit for Irish airline Ryanair Holdings PLC dropped by 1% to 47.2 mil euro, while revenue increased 16% to reach 569.4 mil. However, the airline warned of the possibility of up to a 50% drop in profit for the next fiscal year due to ticket-price pressure, lower consumer demand, and higher fuel costs.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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