Ryanair blames chaos for loss

 

Ryanair has blamed ongoing air
traffic control strikes and December’s poor weather after announcing a loss of
$14 million in the final three months of last year.

The airline had to cancel more than
3,000 flights in the quarter – compared with just over 1,400 cancellations for
the whole of the previous fiscal year.

But passenger numbers did increase
– jumping 6 per cent to 17 million.

The carrier maintains it is on
track to report profits of between $513 million-$549 million for the full year.

The three-month period also saw a
jump in the average fare price paid by those passengers of 15 per cent.

Deputy chief excutive at Ryanair
Michael Cawley also confirmed that the airline has managed to secure over 80%
of its oil requirement for the next year at $82 per barrel.

As airlines feel the pinch from
rising fuel costs, Mr Cawley said that “it could be beneficial to
Ryanair” as other consumers choose it ahead of other carriers which have
introduced fuel surcharges.

In the final quarter of 2009,
Ryanair recorded a loss of $15 million.

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