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UPDATE: Ryanair reports 'disappointing' 3Q EUR10m loss; fares increase 15%


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". easyJet and airberlin have previously stated they would take hits of GBP31 million and EUR30 million, respectively, from strikes and winter weather across Europe. [1405 words]

Unlock the following content in this report:


  • Yields to increase by 11% in FY2011
  • Revenues up 22% to EUR746m
  • 'Relentless focus on costs' continues
  • Favourable fuel hedging position
  • Ireland traffic down 20%
  • Record 72 million pax in 2010
  • Outlook

Graphs and data:

  • Ryanair financial highlights for three months ended Dec-2010
  • Ryanair cost breakdown: 3QFY2010 vs 3QFY2011
  • Ryanair’s fuel hedging strategy
  • Ryanair fleet and passenger growth
  • Ryanair passenger numbers and passenger numbers growth: FY2005 to FY2013F
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