Ryanair profits nosedive
Jul 28 - Profits in Europe's biggest discount airline Ryanair have plunged by 85% in the first quarter.
The airline blames record fuel costs, a situation compounded by a slowdown in consumer spending.
Ryanair saw a near doubling in its fuel bill in the three months to June 30, having resisted hedging against fuel price hikes, unlike many of its peers.
Andrew Potter reports.Soundbite:
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