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Tuesday 2 November 2010

Ryanair share price dips as profits miss forecasts - Scotsman.com Business


00:24 |

Ryanair share price dips as profits miss forecasts - Scotsman.com Business: "Europe's largest low-cost airline, Ryanair, failed to impress investors after missing market forecasts for second-quarter net profit.
Shares in the Irish airline dropped more than 4 per cent in early trade after a hefty fuel bill dashed expectations for a 40 per cent increase in quarterly profit, and the increase in full-year guidance, which had been expected, failed to compensate.

Second-quarter profits fell short with a 25 per rise to €313 million (£271m) while the six-months figure was 17 per cent ahead at €452m."


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