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Ryanair issues profits warning for 2013

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Ryanair issues profits warning for 2013

Ryanair issues profits warning for 2013
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Europe’s biggest budget airline Ryanair has posted its biggest ever annual profit at over half a billion euros, beating forecasts, but warns fuel costs and a slowdown in Europe means profit will slip by 20% in 2012, and 2013 may see the airline fail to acheive any profit growth for the first time since 2009.
Fares rose 16% in the last year to help offset a fuel costs jump of 30%.