Ryanair could 'change strategy'

Irish low cost airline Ryanair says it made a pre-tax profit of £376m in the first six months of this year.The Ryanair boss Michael O'Leary said the results were distorted by a 42% fall in fuel costs, and warned that plans to cut average fares by about 20% in the next six months would mean it will make a loss for the second half of the year.O'Leary also threatened to stop expanding into new routes if Ryanair does not get a better deal on new aircraft from Boeing.

BBC | November 2, 2009

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