Ryanair earnings up 26% but change in tack for 2012
Ryanair, Europe’s largest carrier, reported a 26% increase in full-year net earnings to EUR401 million despite higher oil prices, ongoing macro concerns in key markets, and volcanic ash disruptions in 1Q2010. CEO Michael O’Leary, however, warned of difficult trading conditions in the current year, which will see and flat earnings growth and a dramatic change in tack at the world’s model low-cost carrier.
