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Ryanair, a loss of 102 million Euros

Dublin, Ireland - Data relating to 3rd Quarter 2008

Ryanair, Europe’s largest low fare airlines announced a Q3 loss of 102 million Euros, (compared to a profit of 35 million in last year’s Q.3). Average fares fell by 9% to 34 Euros, while fuel costs rose by 71% to 328 million Euros. Revenues rose by 6% to 604.5 million, as traffic grew 13% to 14 million, as more consumers switch to Ryanair’s low fares from high fare competitors. Ryanair's CEO,...

AVIONEWS - World Aeronautical Press Agency - 1099273

AVIONEWS - World Aeronautical Press Agency
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