Ryanair is reviewing all of its major costs, including airport expenses, staffing, fuel and currency exposure, in an effort to offset the rise of oil prices to more $100 a barrel. The cost-reduction program includes a pay freeze applying to senior management for 2008. "Given the enormous increase in our fuel costs, and the likelihood that profits over the coming year may fall, it is appropriate that Ryanair's senior management lead this cost-reduction program by example," CEO Michael O'Leary ...

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