By the way does anyone know when Ryanair will be able to hedge again? or will it only be when the prices come down? Outlook seems poor in terms of fuel prices i understand.
Ryanair would probably hedge again if prices fall below $80.
http://uk.reuters.com/article/oilRpt...BrandChannel=0
Words from MO'L on February 4 ,2008:
"At our most optimistic, a combination of flat yields and $75 oil would see profits grow by 6% to approximately €500m, but at our most conservative, if forward oil prices remain at $85, and consumer sentiment/sterling weakness leads to a 5% reduction in yields, then profits in the coming year could fall by as much as 50% to as low as €235m (£175m)," he said.
http://www.guardian.co.uk/business/2...irlineindustry
So a drop in profit of 50 % if oil remains above $85. The current reality is $117 oil and a weak Sterling with 1.25 euro's. I'm very curious how this works out...