Ryanair 2011 Annual Report Download - page 34

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Cautionary Statement Regarding Forward-Looking Information
Except for the historical statements and discussions contained herein, statements contained in this
report constitute “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of
1933, as amended (the “Securities Act”), and Section 21E of the U.S. Securities Exchange Act of 1934, as
amended (the “Exchange Act”). Forward-looking statements may include words such as “expect,” “estimate,”
“project,” “anticipate,” “should,” “intend,” and similar expressions or variations on such expressions. Any filing
made by the Company with the U.S. Securities and Exchange Commission (the “SEC”) may include forward-
looking statements. In addition, other written or oral statements which constitute forward-looking statements
have been made and may in the future be made by or on behalf of the Company, including statements
concerning its future operating and financial performance, the Company’s share of new and existing markets,
general industry and economic trends and the Company’s performance relative thereto and the Company’s
expectations as to requirements for capital expenditures and regulatory matters. The Company’s business is to
provide a low-fares airline service in Europe, and its outlook is predominately based on its interpretation of what
it considers to be the key economic factors affecting that business and the European economy. Forward-looking
statements with regard to the Company’s business rely on a number of assumptions concerning future events
and are subject to a number of uncertainties and other factors, many of which are outside the Company’s
control, that could cause actual results to differ materially from such statements. It is not reasonably possible to
itemize all of the many factors and specific events that could affect the outlook and results of an airline
operating in the European economy. Among the factors that are subject to change and could significantly impact
Ryanair’s expected results are the airline pricing environment, fuel costs, competition from new and existing
carriers, market prices for replacement aircraft and aircraft maintenance services, aircraft availability, costs
associated with environmental, safety and security measures, terrorist attacks, actions of the Irish, U.K., EU and
other governments and their respective regulatory agencies, fluctuations in currency exchange rates and interest
rates, airport handling and access charges, litigation, labor relations, the economic environment of the airline
industry, the general economic environment in Ireland, the U.K. and elsewhere in Europe, the general
willingness of passengers to travel, flight interruptions caused by volcanic ash emissions or other atmospheric
disruptions, and other factors discussed herein. The Company disclaims any obligation to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise.