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Saturday, November 21, 2009 7:11 PM

Published 11/07/2009 by Routes Online


Ryanair falls to historic €169.2 million full-year loss

Ryanair reported a full-year net loss for the first time since its IPO 20 years ago, a €169.2 million ($239.8 million) deficit in the year ended March 31 that represented a sharp reversal from the €391 million profit posted in 2007-08 as it wrote down the value...

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...symbolized a "robust performance during a year of record high oil prices" while forecasting that...
Ryanair falls to historic €169.2 million full-year loss [Routes Online - 11/07/2009]
"European air travel is increasingly dominated by four major airlines comprising three high-fare airline groups and one very large low-fares airline, Ryanair" O Leary stated...
Ryanair falls to historic €169.2 million full-year loss [Routes Online - 11/07/2009]
...O Leary stated. "Ryanair's continued fare cuts and traffic growth has seen us overtake Lufthansa's traffic figures in March '09 to finally become Europe's largest airline by both traffic and market cap."
Ryanair falls to historic €169.2 million full-year loss [Routes Online - 11/07/2009]

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