30 something:
RYR is a euro-based company being based in Eire.
A point that no financial analyst has mentioned. In 2003/4 when oil started to drift upwards the euro/U$ rate was about 1.05. Oil went from 30U$pb to 60/70U$ pb. There was a slight panic, but nohting like 1975 when oil doubled in price. That caused an avaiation downturn lasting 7 years.
Now oil is 100U$pb, but the euro/U$ rate is 1.50. Thus the euro price for oil is still the same as it was in 2004. So why all the panic that euroairlines are up against the wall. It seems to be scare mongering to be able to add fuel surcharges that are not really justified. USA airlines might be feeling the pinch, but euro based airlines, who had hedged fuel at 65U$pb are IMHO crying wolf. Their euro price has not changed that much; or am I missing something. The same is true for GBP v U$. The pound is only down against euro not U$.