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Ryanair's profit growth but will be challenged by austerity.
Monday, 21 May 2012
Ryanair (RYA.I), Europe's biggest budget airline, warned high fuel
costs and a worsening economic outlook in Europe meant profit would
slip by up to 20 percent in the coming year, the first fall in four
years reports Reuters.
The Dublin-based airline, famous for its no-frills service, posted a
record annual profit on higher fares for the year to March, but warned
its run of growth of at least 25 percent profit every year since 2009
was likely to come to an end. Is there anything SAS, the Scandinavian
flag ship carrier learn from Ryanair?
More from Reuters (external source)
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