3rd Feb 2014 07:48
DUBLIN (Alliance News) - Ryanair Holdings PLC Monday reported a third-quarter net loss of EUR35.2 million, compared with a profit of EUR18.1 million a year earlier.
Its basic loss per share was 2.50 euro cents, compared with a profit of 1.25 euro cents in the prior year. Its pretax loss was EUR41.8 million, compared with a profit of EUR19.3 million.
Total operating revenues from continuing operations were 964.4 million euros, compared to 968.8 million euros, previous year.
Load factor for the quarter was 82%, compared to 81% prior year. Traffic grew 6% to 18 million passengers. Revenue per passenger declined 6%, as strong ancillary revenue growth offset a 9% fall in fares. Excluding fuel, sector length adjusted unit costs fell by 9%.
The group attributed its third-quarter loss to a 9% decrease in average fares and a 6% increase in total operating expenses, offset by strong ancillary revenues and increased traffic.
Ryanair said its fiscal 2014 guidance for net profit remains unchanged in the range of 500 million euros to 520 million euros. The company expects its fiscal 2014 traffic to rise to 81.5 million passengers, slightly higher than previously guided.
Copyright RTT News/dpa-AFX
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