“Ryanair has no plans to stop operations or increase charges amidst rising fuel prices. The Irish budget airline recently announced a 20 percent rise in profits in the past 12 months will help it absorb high oil prices even if they hover around $130 a barrel.
In a statement, Ryanair chief executive Michael O’Leary expressed confidence that the company would break even next year and could manage the ill-effects of short term income loss due to high fuel costs.”
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