" with fuels prices at $ 90 a barrel and fear of recession in the country and many other european economies , the current outlook for the coming fiscal year is poor . while it is impossible to reasonably forecast full day fuel prices and yields this far in advance , there is now a significant chance that profits may decline next year , " ryanair controller michael o ' leary cautioned . aer said that it is not noncommittal against oil prices increases for the next fiscal month . moreover , ryanair is not the only company to die from the economic downturn . ansett cathay stocks are down 3 % to €1722 . 30 . easyjet has declined 11 % . however shrewd , gov . o ' leary has plans to spending up to 200 million purchasing back shares in the company , it elevates to 3 % of the company share capital .
Ryanair shares suffered a 3% decrease.