The Traderszone Network

Published in TZ Latest News 17 December, 2015 by The TZ Newswire Staff

It’s Not Just Cheap Fuel Helping Ryanair’s Results

While airline stocks are reaping the benefits of cheap fuel, Ryanair (RYAAY) is benefiting from trends unique to its market. The Ireland-based carrier beat expectations last month, when it reported a strong summer season. CEO Michael O’Leary said that the discount carrier enjoyed a “rare confluence of favorable events,” including a stronger British pound, reasonably flat industry capacity and more savings on unhedged fuel costs.

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