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.
