Ryanair makes loss
Ryanair has reported an annual loss but has vowed to cut average fares by a fifth this year.
The airline has fallen to a pre-tax loss of 180.4m euros in the 12 months to the end of March but the airline’s chief executive Michael O’Leary was typically ebullient, saying that the low-cost carrier would emerge from the recession stronger than before.
In 2008 the airline made a profit of 438.9m, which includes the value of its stake in Aer Lingus, but even without that it was still in the black to the tune of 481.1m euros profit.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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