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Ryanair: Fuel Price Won't Affect Full Year

Monday, 30 Jul 2012 | 1:38 AM ET

Howard Millar, deputy CEO at Ryanair, told CNBC, "I think the analysts were overly optimistic on the revenue expectations, we knew that profits would be down in Q1 because of much higher fuel costs but I think the analysts expected a much bigger increase in average fairs which we had actually not forecast to happen."