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Ryanair CEO says to "take our chances" on oil price

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26/03/2008 11:27

BRUSSELS (Reuters) - Ryanair expects to remain undhedged for the rest of 2008 once its current insurance against high fuel prices expires at the end of this month, Chief Executive Michael O’Leary said on Wednesday.

"I reckon we will take our chances on current price of oil for the rest of the year," O’Leary told reporters at a news conference in Brussels.

"If it drops below 80 euros we would then jump to hedge," he added.

(Reporting by Darren Ennis)

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