Ryanair announces reduced Q3 loss of €10m
RYANAIR ANNOUNCES REDUCED Q3 LOSS OF €10m
QUARTERLY TRAFFIC GROWS 6% TO 17m, WHILE FARES RISE 15%
FULL YEAR PROFIT GUIDANCE UNCHANGED AT €380m TO €400m
Ryanair, Europe’s largest passenger airline today (31 Jan) announced a slightly reduced Q3 loss of €10m (down from a Q.3 loss of €11m last year). Total revenues grew by 22% to €746m, as traffic increased 6% to 17m and average fares rose by 15%. Unit costs increased by a similar 15% due to a 14% increase in flight hours, as average sector length rose by 7%. Excluding fuel (which is up 37%), unit costs rose by 8%.
See rest of report at: - http://www.ryanair.com/en/news/ryanair- ... f-10m-euro
Ryanair announces reduced Q3 loss of €10m
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Ryanair announces reduced Q3 loss of €10m
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