December traffic less than November
As always ryanair look like they are doing very well at growing traffic. What seems to be going wrong is they are not getting the profitable traffic. They carried less people in December than November. The 12% growth is poor considering that BA were possibly hit by strike. Ryanair were 81% booked but EZJ were 85.4% booked even though they often have higher fares.
The other thing they reported today is they have hedged half they fuel for 2010-11 at $720/tonne. They are paying about $620 per tonne for 2009-10. I see jet fuel will be at $1000/tonne again soon.