Ryanair results on the up as oil prices plummet

Michael O’Leary is hopeful that his company can benefit from any recession, writes David Clerkin, Markets Correspondent.

8th November, 2008

Michael O’Leary is hopeful that his company can benefit from any recession, writes David Clerkin, Markets Correspondent.

Recent sharp falls in oil prices will leave Ryanair on course to deliver a better-than-expected break-even performance for its full year, said chief executive Michael O’Leary said last week.

Speaking after posting pretax, pre-exceptional profits of €224 million for the six months to September (down from€460 million last year),O’Leary said the results were ‘‘a...

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