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To explain why, here are some rough calculations that Andrew Charlton of Aviation Advocacy, a consultancy, has made about Ryanair's new ETS supplement of 25 euro-cents per passenger per flight.
ECONOMIST: Business travel
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The company cited 15 cents of the shortfall coming from a weaker-than-expected flu season, 7 cents from the decline of the euro, and 4 cents due to greater-than-expected spending on research and development among the reasons for the cut.
FORBES: Magazine Article
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The weak euro, at 97-cents US or 95-cents - some think it could even lower - mean that essential imports will rise in price in Europe.
BBC: The demon is out there
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The dividend for the 2013 and 2014 financial years is to be adjusted to these plans, with a payment of 50 euro cents per dividend-bearing share planned for both years.
ENGADGET: T-Mobile and Apple sign agreement to launch products in 2013
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Subject to approval by the relevant bodies and the fulfillment of other legal requirements, a dividend of 50 euro cents per dividend-bearing share is to be paid for each of the financial years 2013 and 2014.
ENGADGET: T-Mobile and Apple sign agreement to launch products in 2013
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Non-IFRS profits of 6 Euro cents a share topped the Street at 2 cents.
FORBES: Nokia Posts Mixed Q4; Won't Pay 2012 Dividend; Shares Sink
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America's travails gave a boost to the euro , which reached a five-month high against the dollar, of just below 95 cents.
ECONOMIST: Rates come down