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Ryanair laughs off EU crisis, raises profit forecasts

Ryanair yesterday raised its profit forecasts following a bumper winter.Higher fares and yet more cash from sky-high charges mean the airline expects to make £400million for 2011-2012.

Oberstar: “Higher fares, a deterioration in service and financially weakened survivors”

Washington — If regulators were to allow major airlines to merge, passengers likely would see "higher fares, a deterioration in service and financially weakened survivors," House Transportation Committee Chairman James Oberstar (D-Minn.) warned Wednesday.