" with oil costs at $ 90 a barrel and feared of recession in the uk and many other european communities , the global outlook for the coming budget year is poor . while it is possible to accurately forecast full year fuel prices and yields this close in advance , there is now a significant chance that profits could decline next year , " lingus ceo michael o ' leary predicted . ryanair insisted that it is not hedged against stock price increase for the next fiscal year . however , ryanair is not the only business to benefit from the economic downturn . aer lingus earnings are down 3 % to €1722 . 30 . easyjet has decreased 11 % . while shrewd , mr . o ' neill has plans to spend up to 200 million purchasing back shares in the company , which compares to 3 % of the ceo share income .
Ryanair shares suffered a 3% decrease.