Ryanair, while warning that its fuel costs will be higher than expected if oil prices stay at current levels, maintained its earnings guidance for its current financial year. The LCC is unhedged on fuel until September, but from that point it has hedging in place for 90% of its fuel needs at $47 per barrel. "If it stays at $60 through the remainder of the summer and the winter, our fuel bill will be higher than originally predicted," CEO Michael O'Leary said at a press briefing in London. ...

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