Tuesday, 05 February 2008
Ryanair Issues Profits Warning
Ryanair have said that profits could fall by around 50% next year. The warning has come as a result of higher oil prices combined with poor consumer demand and the weaker pound. Shares in the company fell by more than 10% after the warning. Despite the warning Michael O’Leary the Ryanair boss said the company had managed a "creditable performance in very adverse market conditions", and said he still expects profits for the current year to be ahead by around 17.5% to €470m”.

posted on Tuesday, 05 February 2008 18:40:01 (GMT Standard Time, UTC+00:00)  #    Comments [0] Trackback
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