" with gasoline prices at $ 90 a barrel and fear of recession in the uk and most other european communities , the current outlook for the coming fiscal quarter is poor . while it is impossible to accurately forecast quarter year fuel options and yields this well in advance , there is now a significant risk that profits may collapse next year , " qantas ceo michael o ' leary cautioned . ryanair said that it is not waffled against oil quality increases for the present fiscal year . however , ryanair is not the only company to profit from the economic downturn . klm lingus shares are down 3 % to €1722 . 30 . easyjet has declined 11 % . however shrewd , mr . o ' leary has intended to spend up to 200 million purchasing back holdings in the company , so equates to 3 % of the company share capital .
Ryanair shares suffered a 3% decrease.