Ryanair, which said last month that it expected an annual result of between breakeven and a €60 million loss for the year ending March 31, 2009, now expects to do no worse than breakeven. CEO Michael O'Leary told the BBC yesterday that the LCC "will be one of the very few airlines in Europe to grow strongly this winter and at least to break even, if not to make a small profit." Ryanair lost €90.5 million ($134.8 million) in its fiscal first quarter ended June 30.

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