Ryanair reports rise in passenger numbers

| January 31, 2011 | 0 Comments
”Ryanair

Irish budget airline Ryanair has today posted a loss of €10.3 million (£8.8 million) in the October to December period, due to the severe wintry weather in Europe last month, as well as the strike action by French air traffic controllers.

However, the loss was lower than the €10.9 million reported in the year ago period.

Meanwhile, the strike action and bad weather forced the cancellation of 3,000 flights but these were partly offset by rising passenger numbers - up 6% in the period.

The airline, which operates more than 1,500 flights a day, also said full-year profits will be at the top end of expectations.

Commenting on the figures, chief executive, Michael O’Leary, said: “This small third-quarter loss of 10 million euros is disappointing, as we were on track to break even, but earnings were hit by a series of air traffic control strikes in the third quarter, compounded by a spate of bad weather airport closures in December.”

Last week, rival easyJet has today said it suffered due to the wintry weather and strike action and was hit by costs of £31 million.

Tags: Ryanair


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