Ryanair reports €10.3m loss due to weather and disputes

Budget airline Ryanair reported a loss for the final three months of last year today after it was forced to cancel more than 3,000 flights.

Chief executive Micheal O’Leary said the carrier had been expecting to break even in the third quarter but reported a net loss of €10.3m, compared with a deficit of €10.9m in the previous year, as strikes and severe weather grounded its aircraft.