ryanair in trouble
Press Release
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05.02.07
RYANAIR ANNOUNCES RECORD Q3 RESULTS - NET PROFIT RISES 30% TO 48M - FULL YEAR GUIDANCE RAISED FROM 350M TO 390M
- Ryanair, Europes biggest low fares airline, today (5th Feb) announced record Q3 results. Net profit rose 30% to 48m., traffic grew 19% to 10.3m., yields were up 7% as total revenues increased 33% to 493m. Unit costs rose by 14% as fuel costs increased 52% to 175m. Despite much higher oil costs, Ryanair maintained a net margin of 10% in Q3, which is significantly ahead of expectations.
Summary Table of Results (IFRS) - in Euro
Third Quarter Ended...Revenue...........Profit after Tax
Dec 31, 2005...........370.7m............36.8m
Dec 31,2006............492.8m............47.7m
% Increase..............33%.................30%
LOOKS LIKE WELL NEED ANOTHER ROUND OF PAY CUTS LADS!!!!!!!!!