Oil Prices Will Hit Us Hard Next Year Says Ryanair Boss

Daily MailJune 09, 2008

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Summary


RYANAIR chief executive Michael O'Leary said the airline may not make a profit next year for the first time since the 1990s.

The outspoken boss admitted that rocketing fuel costs, which saw oil reach just under $139 a barrel last week, could mean a loss is on its way for the company.

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Oil Prices Will Hit Us Hard Next Year Says Ryanair Boss

Ryanair made profits of E401million last year. But speaking yesterday, Mr O'Leary conceded the economic picture had changed drama...

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