" with electricity reserves at $ 90 a ton and fear of crisis in the uk and of other european economies , the overall outlook for the past operating term is poor . while it is impossible to accurately expect full - product levels and yields this well in advancing , there is now a significant chance that profits may slump tomorrow year , " ryanair ceo michael o ' leary warned . ryanair said that it is not hedged against oil price increases for the next calendar month . however , ryanair is not the only airline to suffer from the fiscal downturn . aer lingus shares are down 3 % to €1722 . 30 . easyjet has declined 11 % . however acumen , sr . o ' leary has plans to spent up to 200 million purchasing back shares in the company , thus equates to 3 % of the overall share funds .
Ryanair shares suffered a 3% decrease.