Ryanair posts reduced Q3 loss
Low-cost carrier Ryanair has reported a loss of €10m in its Q3 results, improving on last year's loss of €11m for the same period.
The budget airline reported the three months to 31 December 2010 showed a 22% increase in revenue to €746m, up from €612m the previous year.
Michael O'Leary, chief executive, Ryanair, said: "This small Q3 loss of €10m is disappointing, as we were on track to break even, but earnings were hit by a series of ATC strikes and walkouts in Q3, compounded by a spate of bad weather airport closures in December.
"The scale of these disruptions is evident by the fact that we cancelled over 3,000 flights in Q3, compared to over 1,400 cancellations during the previous fiscal year."
O'Leary said Ryanair's full-year results will show a net profit and is "confident" it will be towards the "upper end" of previous forecasts of €380m and €400m after tax.
This article was first published on marketingmagazine.co.uk
- Digital Content Editor Blue Skies Marketing Recruitment £28000 - £33000 per annum, London
- Studio Manager / Front of House - brand & packaging agency Gabriele Skelton £24000 - £28000 per annum, London
- Account Manager : CRM/DM/Digital : Integrated agency : Central London Dylan Circa £30k, London (Central), London (Greater)
- Digital Planner : New, Full Service Creative Agency : London Dylan Circa £60k + benefits, London (Greater)
- Marketing Executive - Global Leading Oil and Gas Company Ninesharp Negotiable, Swindon
- ZenithOptimedia loses £200m O2 business to Havas Media without a pitch
- Facebook IQ reveals marketing to millennials is flawed
- Breast Cancer Campaign crowd-sources videos for 'wear it pink' campaign
- Guardian joins forces with Telegraph for media planning tool
- Sir Martin Sorrell labels Omnicom CFO exit 'bizarre'
- OMD lands Liberty Global pan-Euro media