Ryanair looks bullish, but steep yield decline a concern

Ryanair yesterday reported a Q3 (Dec-09 quarter) loss of EUR102 million, against a profit of EUR35 million for the same quarter in 2007. The main contributor to the loss was high fuel prices, which cost the carrier EUR136 million more than last year, while consumption increased by only a few percentage points. But, despite an optimistic Ryanair, yields remain a challenge, as economies slide deeper into recession.