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Old 28th Jan 2013, 15:02
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Thunderbirdsix
 
Join Date: Apr 2010
Location: Belfast
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Ryanair Flying High

Despite all the negative press that people are trying to do to Ryanair they are still making the money. Long may they continue to grow.


Ryanair has reported better than expected third quarter after-tax profits of €18.1m, a 21% increase on the same time last year.
The airline also raised its profits outlook for the full year.
The increase in quarterly profits in the three months from October to December came despite an €81m increase in fuel costs as the price of oil jumped by 22% from $84 a barrel to $102.
Ryanair said its revenues rose by 15% to €969m as traffic grew by 3% to 17.3 million passengers.
Its ancillary revenues performed ''strongly'' and rose 24% to about €13 per passenger.
Ryanair said its third quarter profits were head of expectations due to strong pre-Christmas bookings at higher yields.
The airline said it has paid a second special dividend of €492m (0.34 cent per share) to shareholders in the third quarter, bringing to €1.53 billion the funds returned to shareholders over the past five years.
Looking ahead, Ryanair said its fourth quarter traffic - as previously guided - will drop by about 3% below last year as the airline is grounding up to 80 planes. It said this will limit the impact of high oil prices, high airport fees at Dublin and Stansted, and seasonally weaker fourth quarter demand.
But ''on the basis of this improved Q3 result, our capacity cuts and limited visibility over Easter bookings and yields, we now expect our full year profits to exceed our previous guidance (of €490m to €520m) and rise close to €540m, a 7% increase on last year's profits despite a 19% increase in our oil costs,'' the airline said.
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