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# Wednesday, 05 November 2008

Profits at Ryanair have fallen 47% in the first half of the financial year. The fall has been put down to a doubling in the price of fuel. Although oil prices have since fallen Ryanair still expects to make a loss within the last six months of the financial year. Despite the fall in profits customer numbers have continued to grow with numbers being up 19% between April and September. Chief Executive Mr O'Leary has said that if oil prices remain below $80 a barrel that profits will recover.