Ryanair is sticking with its August forecast of a breakeven result for the fiscal year ending March 31, 2009, (ATWOnline, Aug. 14) despite rapidly falling fuel prices, in part because the company is upside down with its fuel hedges, CEO Michael O'Leary acknowledged at Ryanair's AGM in Dublin yesterday. "While the recent fall in oil prices is welcome, it won't have much impact on our full-year results because we have already hedged [the fiscal third quarter] at $124 per barrel and any [fiscal ...

Subscribe to Access this Entire Article

"Ryanair sees breakeven result for FY09 as fuel hedges sting" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.