Headline: Ryanair sees breakeven result for FY09 as fuel hedges sting


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.

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