Ryanair 3rd quarter loss reduced from EUR 102 million to EUR 11 million

Ryanair announced a 3rd quarter loss of EUR 11 million, down from a loss of EUR 102 million in the 3rd quarter last year. Revenues rose by 1% to EUR 612 million, as 14% traffic growth was largely offset by a 12% decline in average fare. Unit costs fell by 23% (excluding fuel they fell by 4%) despite a 3% increase in sector length.