Ryanair in red on ISEQ

Low-budget airline Ryanair fell 28c to €7.44 despite their announcement of third quarter profits of €37m.

Traffic grew by 26% to 8.6m passengers, whilst yields were almost flat, as expected, as total revenues rose by 27% to €370.7m. Unit costs increased by 3% (excluding fuel they fell by 6%) as fuel costs rose by 59% to €114.9m.