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Ryanair sticks with Q2, FY2001 estimates

Ryanair sticks with Q2, FY2001 estimates


     DUBLIN, Sept 18 (Reuters) - Irish budget airline Ryanair said on Tuesday that despite the attacks in the United States that have cast a pall on world airline stocks, it saw no reason to change consensus estimates for its earnings.

     "Whilst we remain cautious about the trading environment, we see no reason -- at this time -- to change the consensus range of analyst estimates for either the current quarter (Q2) or this fiscal year," the company said in a trading statement.

     "The immediate impact of last week's events upon Ryanair were limited," the company added, saying it had cancelled only 16 out of 1,800 flights over the past seven days.

     It said in the two days immediately after last Tuesday's attacks, bookings fell by approximately 20 percent, but bookings for the week were down only 10 percent and had now returned to normal levels.

    


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