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Ryanair reports 29% fall in profits

Ryanair is reporting a 29% fall in profits the first quarter of the year. The airline’s rev...
Newstalk
Newstalk

08.00 30 Jul 2012


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Ryanair reports 29% fall in pr...

Ryanair reports 29% fall in profits

Newstalk
Newstalk

08.00 30 Jul 2012


Share this article


Ryanair is reporting a 29% fall in profits the first quarter of the year.

The airline’s revenue grew by 11% – but it’s blaming the fall in profits on higher fuel costs, the recession and austerity policies.

Deputy Chief Executive Michael Cawley says passenger numbers are also under pressure.

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