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Saturday, September 30, 2006

Ryanair Holdings (RYAAY) Issues Guidance

Ryanair Holdings (NASDAQ:RYAAY - News) lifted its profit guidance for the fiscal year, now seeing growth of 11% from a previous view of growth between 5% to 10%. Though it's still "cautious on the winter," passenger growth should be at 22%, vs. an earlier prediction of 20%. It also expects fares to fall by 5%, at the low end of the down 5% to 10% range it previously forecast. The company also ordered 32 additional 737-800s from Boeing.

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