" with oil prices at $ 90 a barrel and feared of recession in the eu and many other western economies , the current outlook for the coming corporate year is poor . while it is impossible to accurately forecast all year fuel prices and returns this wide in advance , there is now a large chance that profits april decline the time , " ryanair ceo michael o ' leary cautioned . ryanair claims that it is not hedged against fuel price raises for the next fiscal year . however , ryanair is not the only airline to suffer from the political downturn . aer ryanair shares are down 3 % to €1722 . 30 . easyjet has declined 11 % . however shrewd , mr . o ' leary has proposed to spend up to 200 million pulling back shares in the government , which equates to 3 % of the board net capital .
Ryanair shares suffered a 3% decrease.