Interesting stuff from Ryanair this morning, particularly given the doom and gloom at the moment.
http://news.bbc.co.uk/2/hi/business/7432731.stm
When compared to the massive profits of recent years, breaking even doesn't sound so good; however, relative to the massive losses forecast for the industry in recent times, it doesn't sound so bad - particularly if they're completely unhedged.
The question is, will oil stay at around $130ish now it's levelled off a bit after the meteoric rises of the last few months, or will it resume its upward trend? Time will tell...