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Mon 07 Jul 2008Ryanair shares dive as profit slumps 85%
Shares in Ryanair plummetted today after the airline announced profits fell by 85 per cent in its first quarter, as high oil prices almost doubled its fuel bill.
The budget airline warned it could make a loss of €60 million for the year, if oil prices stayed at around the $130 mark and fares fell by 5 per cent.
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