Irish no-frills airline Ryanair said Monday that it bounced into profit in the last three months of 2011, as the group was boosted by rising fares and better weather conditions than the previous year. Net profit hit 14.9 million euros ($19.6 million) in the third quarter of the company's financial year, or three months to the end of December, the carrier said in a results statement. That compared with a net loss of 10.3 million euros in the same period of the previous year, when there were widespread flight cancellations due to snow and freezing weather. Ryanair added that revenues increased by 13 percent to 844 million euros in the reporting period, despite a two-percent dip in passenger traffic. Average fares jumped by 17 percent, while fuel costs leapt 18 percent. "Our third-quarter net profit was slightly ahead of guidance due to a combination of benign weather which caused fewer flight cancellations and significant de-icing savings, and a better performance on yields reflecting our planned winter capacity cuts, longer sectors, and higher competitor fares/fuel surcharges," the company said in a statement. It added: "Should these positive third-quarter trends continue into the fourth quarter, we now expect our full year profit will exceed previous guidance of 440 million euros and rise to 480 million euros."
GMT 19:00 2018 Friday ,14 December
Air Berlin’s administrator sues Etihad for up to €2 billionGMT 12:51 2018 Tuesday ,27 November
Road accidents in Egypt down by 24.2% in first half of 2018GMT 15:01 2018 Monday ,26 November
Koreas to launch joint railway inspectionGMT 07:11 2018 Thursday ,15 November
Flights temporarily suspended at Kuwait Airport due to low visibilityGMT 10:27 2018 Sunday ,11 November
Egypt's tourism minister discuss boosting ties with Thomas Cook Group CEOGMT 10:19 2018 Sunday ,28 October
Harry and Meghan receive traditional Maori welcome in New ZealandGMT 10:47 2018 Wednesday ,24 October
KSA participates in UNGA international migration sessionGMT 12:37 2018 Tuesday ,16 October
Foreign ministry rejects requests for passport use in LibyaMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor