 |
Global Greeks bet on property, prayers
Buy a London property, bank your cash somewhere safe, or just say a prayer: Greek overseas communities are finding different ways to prepare for the worst, as Julian Satterthwaite reports. Video
Ryanair CEO says oil is hurting
O'Leary speaks at a news conference in Brussels March 26, 2008.
Credit: Reuters/Thierry Roge
DUBLIN |
DUBLIN (Reuters) - Rising oil prices are hurting Ryanair, Chief Executive Michael O'Leary said on Wednesday, but Europe's biggest low cost airline can still avoid making a loss with oil prices at $125 a barrel.
"With oil at $125 (a barrel) ... we certainly won't make a lot of money," O'Leary told reporters. "I don't think we will lose money."
O'Leary said the carrier had been "calling the oil market wrong" and was ready to resume hedging future fuel needs at below $100 a barrel.
"Oil is really hurting us now," he said.
(Reporting by Andras Gergely, writing Jonathan Saul)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters