Ryanair 737-800. By Rob Finlayson Ryanair (FR) reported a net profit of €14.9 million ($19.7 million) in the third quarter ended Dec. 31, 2011, a complete turnaround from a €10.3 million deficit in the year-ago period. The improvement was a result of an increase in yield after the LCC cut capacity by 2% as well as strong ancillary revenues. Europe’s largest LCC grounded 80 aircraft for the winter season to offset the damaging combination of weak demand with rising ...

Subscribe to Access this Entire Article

"Ryanair earns €14.9 million 3Q profit, raises full-year guidance" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.