31-Jan-2011 8:03 PM
Ryanair reports "disappointing" 3Q EUR10 million loss; fares increase 15%. Full year profit expected
Analysis
Europe's largest LCC Ryanair reported an unexpected but slightly reduced third-quarter net loss of EUR10.3 million, blaming a series of ATC strikes/walkouts and bad weather in the quarter for the result. Ryanair CEO Michael O'Leary called the third-quarter loss "disappointing, as we were on track to break even."
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