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Ryanair reports fresh loss on travel disruption

DUBLIN, Jan 31, 2011 – Ryanair, Europe\’s biggest no-frills airline, said Monday that it suffered a net loss of 10.3 million euros ($14 million) during the group\’s third quarter because of major travel disruptions.

"This small Q3 loss of 10 million euros is disappointing, as we were on track to break even, but earnings were hit by a series of… strikes/walkouts in Q3, compounded by a spate of bad weather airport closures in December," Ryanair chief executive Michael O\’Leary said in the group\’s earnings statement.

The results covered the three months to December 31, 2010 and compared with Ryanair\’s third quarter a year earlier, when the loss after tax had stood at 10.9 million euros.

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