Yes and even more interesting it's got an open-ended slant put on it on Ryanair's own website:
http://www.ryanair.com/site/EN/news....=gen-en-260308
including the words:
Ryanair confirmed that it is reviewing all of its major costs including airports, staffing, fuel and currency exposures and this cost reduction programme will continue over the coming weeks. Since Ryanair is the only airline in Europe to guarantee the lowest fares and no fuel surcharges, Ryanair must pay for higher oil by reducing costs elsewhere.
is anything immune or sacred, one wonders?