Ryanair: makes net loss in Q3
(CercleFinance.com) - Ryanair has published a net loss of 20 million euros for Q3 2018-19, against a profit of 106 million euros a year ago, despite revenues rising by 9% to 1.
53 billion euros.
The low-cost airline says the solild growth in traffic, which increased by 8% to 33 million passengers carried, was offset by a 6% drop in the average fare, due to excess capacity in Europe this winter.
The Irish group confirms its forecast for FY net income of between 1 billion and 1.1 billion euros, with a 7% fall in winter fares, in line with the profit warning launched in January, as well as a 9% increase in traffic to 142 million passengers.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
53 billion euros.
The low-cost airline says the solild growth in traffic, which increased by 8% to 33 million passengers carried, was offset by a 6% drop in the average fare, due to excess capacity in Europe this winter.
The Irish group confirms its forecast for FY net income of between 1 billion and 1.1 billion euros, with a 7% fall in winter fares, in line with the profit warning launched in January, as well as a 9% increase in traffic to 142 million passengers.
Copyright (c) 2019 CercleFinance.com. All rights reserved.