• Reported a loss of 102 million euros for the third quarter of fiscal 2008, as fuel costs rose by 71%, to 328 million euros.
  • However, sales increased by 6%, to 604.5 million euros, while passenger traffic grew by 13% to 14 million (though that is still down from the 15 million the company reported in the first quarter of 2008).
  • Ryan­air said average fares fell 9% but both revenues and passenger numbers were up and there was a tone of optimism about the medium term
"Looking forward into fiscal 2009/10, Ryanair will enjoy significantly lower oil costs thanks to our recent hedging programme, when most of our competitors are already hedged at much higher prices. We intend to use this cost advantage to again lower fares. These lower prices will drive Ryanair's traffic growth, maintain high load factors (and ancillary sales) and capture market share from higher cost fuel surcharging competitors.

 

 

Unlock the rest of this article with a 14 day trial

Already have an account?
Login here