" with oil prices at $ 90 a barrel and fear of unemployment in the united and many other european economies , the new attitude for the approaching fiscal year is poor . while it is challenging to actually forecast full year fuel options and growth this far in august , there is now a significant opportunity that profits may decline next year , " ryanair chairman michael o ' brien cautioned . ryanair said that it is not hedged against oil price gains for the future fiscal year . still , ryanair is not the only airline to come from the economic downturns . aer eircom stakes are down 3 % to €1722 . 30 . frills has dropped 11 % . however skillful , col . o ' leary has plans to spend up to 200 million purchasing back shares in the government , which equates to 3 % of the company share wealth .
Ryanair shares suffered a 3% decrease.