28-Sep-2009 12:14 PM

Recessions good for Ryanair, Frontier to emerge from bankruptcy this week

Analysis

Ryanair CEO, Michael O'Leary, stated the carrier expects average fares to fall by approximately 20% in the full year, but the carrier expects full year profitability to double, with Mr O'Leary adding that "recessions are good for Ryanair".

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Recessions good for Ryanair, Frontier to emerge from bankruptcy this week

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