Ryanair Wins Big On Results, Bets Big On Hedging

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

Is it any surprise that the airline which sells in-flight scratch-offs hit the jackpot?

Ireland's Ryanair announced on Monday it bagged a full-year net profit of €1.4 billion ($1.5 billion). The airline's CEO Michael O'Leary told the Financial Times he wants the company to chase aggressive growth, and its earnings suggest a key tactic will involve a dash of gambler's luck.

Continue reading


Source Fool.com