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Ryanair’s profits to gain altitude amid recession

Ryanair Chief Executive, Michael O'Leary, has confirmed he remains “comfortable” with analyst estimates of a EUR60-80 million profit for the 12 months ended 31-Mar-09 (with the results to be released at the beginning of June). Mr O’Leary earlier forecast the carrier’s profits will “jump substantially” over the next 12 months – a comment that has put considerable support under the airline’s share price lately.

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