May 18, 2020 SOURCE: AFP
Ryanair sees profit dive on virus, oil impact
Ryanair revealed Monday that annual profit sank as the coronavirus outbreak halted travel as well as due to badly-timed bets on jet fuel hedging contracts which turned sour on crashing oil prices.
Net profit including exceptional items sank 27 percent to almost 649 million euros ($694 million) in the year...
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