Skip to main content

Ryanair reports 'disappointing' third quarter loss; cites 'weak' winter fares

Air
James Chapple
4 February 2019

Ryanair on Monday (February 4) posted a third quarter loss of €20 million (£17.5 million), citing “weak” winter fares brought on by excess European capacity.

Ryanair is engaged in another war of words with the CAA

It comes just a fortnight after the Irish budget carrier issued a profit warning, cutting its full-year forecast for the second time in the past three months.


The airline on Monday reported average fares down 6% in the three months to December 31, 2018, to less than €30 (£26) due to “excess winter capacity in Europe”.


Q3 revenue, though, grew 9% to €1.53 billion (£1.34 billion), which Ryanair said was on account of strong ancillary revenue up 26% to €557 million (£487 million), albeit offset by “higher fuel, staff and EU261 costs”.