Ryanair's Changing Altitude

After a dire profit warning from CEO Michael O'Leary, the discount carrier's shares fall 15% in Dublin before rebounding to close down just 2.2% on Feb. 4

On Feb. 4, Michael O'Leary, chief executive of Ryanair (RYAAY), Europe's largest airline by number of passengers, warned that its profits could be cut by up to half next year due to a "perfect storm" of rising oil prices, weakening consumer demand, and higher airport charges. Shares plunged more than 15% in Dublin trading on the news before bouncing back to end the day down 2.2%.

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