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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Ryanair's profits surged by 40% to €2.3 billion for the fiscal year ending in March. The company has hedged 80% of its summer fuel needs and does not anticipate any cancellations. However, the CFO warned that weaker European carriers may not survive the fuel crunch. Meanwhile, Berkshire Hathaway made a $2.6 billion investment in Delta, and a lawyer for Spirit Airlines apologized to Americans priced out of air travel after the budget carrier's sudden shutdown.