Ryanair predicts lower profits for 2008 - report

Airline Industry Information,  Feb 4, 2008  

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AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD

Ireland based economy carrier Ryanair has stated that it may experience lower profits in 2008.

The statement was issued by the airline in light of increasing fuel costs and a weaker sterling.

The carrier reported a 27% decrease in its net profit for the quarter from October - December 2007 to EUR35m.

According to the BBC, the airline's chief executive, Michael O'Leary, has warned that earnings for 2008 could fall by up to 50% to EUR235m.

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