30-Sep-2011 3:28 PM

O’Leary bullish on Ryanair future

Ryanair CEO Michael O’Leary stated he remains bullish about the LCC’s prospects despite the economic gloom, according to a Reuters report. He said forward bookings and yields remain strong, and said that if there is any change to its guidance, it would more likely “be on the upside than the downside”. Mr O’Leary left his after tax profit forecast for FY2012 at EUR400 million. Fuel remains the largest downside risk to the guidance, he added.