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Ryanair profit beats forecasts with an 8.2% gain

“Ryanair Holdings PLC said Monday net profit for the second quarter, which included the busy summer season, rose 8.2%, beating consensus forecasts” writes Adriano Marchese for marketwatch.com. For the period ended Sept. 30, the European budget airline RYA, +2.88%  reported a net profit of 910.2 million euros ($1.02 billion), compared with EUR841.5 million in the prior year’s second quarter.It narrowed its full-year guidance to a new range of EUR800 million and EUR900 million.Meanwhile, the company said fuel and oil costs rose 20% in the period to EUR802.9 million.
 
Source: marketwatch.com



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