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Ryanair warns of approximately 2 billion euro increase in fuel costs next year and 15% drop in first-half profit

Investing.com +3 · ·by G4L

RYAAY Ryanair Holdings Plc ADR
$61.21 -0.87%
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  1. 1Ryanair warned of an approximately 2 billion euro increase in its fuel costs next year.
  2. 2A 15% drop in Ryanair's first-half profit occurred.
  3. 3Ryanair is considering wage freezes and workforce reductions.

So what's the key point?

Ryanair's first-half profit decreased by 15 percent and fuel costs are expected to rise significantly next year. The company is considering ways to reduce labor costs as the burden of expenses grows.

Source Investing.com +3 · View original ↗

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