# Thursday, June 4, 2009

Ryanair has recently revealed that it made a £145.9m loss in the year to March. The loss was partly caused by a 59% rise in its fuel bill. The loss compares with a profit of £336.8m in the previous year. Despite the loss the Ryanair boss Michael O'Leary has said that he hopes to see a recovery in the current year as fuel costs are expected to be lower. Following the news Ryanair shares fell by 6%.