Ryanair share price rises as losses of €11m less than expected

RYANAIR shares soared yesterday after the airline announced better-than-expected third quarter results with losses of almost €11 million.

It also said its Irish customers can expect to pay more for flights this year as they absorb the €10 government travel tax into ticket prices.

Analysts had expected losses of around €35m for the three months to the end of December 2009 compared with losses of €118.8m a year earlier.