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    Ryanair issues profits warning for 2013

    euronews (in English)

    by euronews (in English)

    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%.