03-Feb-2011 4:17 PM

Ryanair sees fuel a threat to weaker carriers

Analysis

Ryanair CEO Michael O'Leary has forecast that the rising cost of fuel could be a threat to the survival of less profitable carriers. IATA has expressed similar concerns, warning that the increasing costs of jet fuel could eat away its forecast of USD9.1 billion in industry profits for 2011.

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Ryanair sees fuel a threat to weaker carriers

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