One-time items, including a huge writedown of its stake in Aer Lingus, resulted in a rare profit drop at Ryanair in the fiscal year ended March 31, when it earned €390.7 million ($607.2 million), down 10.3% from the €435.6 million net posted in the preceding 12 months. The bottom line could sink further in the current fiscal year. The LCC said that "based on forward bookings," it expects average fares to increase around 5% and, if oil remains at $130 per barrel, "then we expect ...

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