Ryanair hit by soaring fuel costs Date: Monday, January 31 @ 04:08:07 PST Topic: Business News; Market Research Ryanair, Europe's biggest low-cost airline, has reported a 26% drop in quarterly profit after it lowered fares and the price of fuel soared. Net profit was 35m euros ($45.5m; £24m) in the three months ending 31 December, from 47.5m euros a year earlier. www.bbc.co.uk This article comes from Peak Oil News http://www.peakoil.com The URL for this story is: http://www.peakoil.com/modules.php?name=News&file=article&sid=2299