" with energy rates at $ 90 a barrel and fear of recession in the uk and in other european economies , the current expectation for the 2010 general year is poor . while it is impossible to accurately forecast full year fuel values and yields this time in date , there is now a significant chances that profits may decline that winter , " ryanair ceo john o ' donovan optimistic . airline said that it is not hedged against fuel price increases for the next fiscal year . also , ryanair is not the only company to suffer from the economics downturn . eircom lingus shares are down 3 % to €1722 . 30 . qantas has recovered 11 % . though cynical , mr . o ' leary has pledged to spend up to 200 million purchasing back bonds in the company , which translates to 3 % of the operating share capital .
Ryanair shares suffered a 3% decrease.