Copying and distributing are prohibited without permission of the publisher
Ryanair announces a better Q3 for 2009
01 February 2010
Traffic grows as fares fall for Ireland’s low cost carrier, Ryanair.
Read more:
Ryanair
Quarter 3 results
Michael O'Leary
Boeing
low-cost carrier
Europe
Ryanair announced an €11 million ($15.3 million) loss today, down from a €102 million loss for the same period last year. While traffic grew by 14% compared to the same period last year, margins were offset by lower fares, which were down 12%.
The results were better than expected as yields only fell by 12% rather than the 20% originally predicted.
“Our Q3 loss of €11m is disappointing although better than expected, and a significant improvement on last year’s Q3,” says Michael O’Leary, CEO of Ryanair. “These numbers are distorted by a 37% fall...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
