Ryanair reports €20m loss in Q3 of 2018

Ryanair has swung to a third-quarter loss and unveiled a management shake-up that will see boss Michael O’Leary head up the group for another five years.

The Irish carrier booked a pre-tax loss of €22.1 million in the three months to December 31, which compares to a €112.9 million profit in the same period last year.