Companies are always really quick to push the blame of losses off on someone or something. However, it now appears that the no frills airline, Ryanair, might actually have a real problem to blame. This airline said that it suffered a net loss of 10.3 million euros during the group’s third quarter. However, the airline said that this happened because of all of the major travel disruptions that took place in that quarter.

This airline, which is actually based in Dublin, voiced its confidence despite the loss. The airline still says that its full-year net profits should be more towards the upper end of its previously announced target. For those that do not remember, the company’s first announcement was to have a full-year net profit that fell between 380 and 400 million euros.

The “say anything” chief executive of Ryanair, Michael O’Leary, went on to say that this small Q3 loss of 10 million euros is certainly disappointing. Mostly, this is disappointing because the company was on track to break even. However, the earnings were hit by a series of bad events in Q3.

Some of the bad events that Mr O’Leary is referring to includes strikes, bad weather and airport closures. The results themselves actually cover the three months to December 31, 2010.

O’Leary, who is sometimes called Mr O’Really because of the things that he says, went on to state that they expect traffic and average fares to continue to increase. This will be due to a mix of new routes and bases, as well as competitors’ fuel surcharges. After all, unlike most of its rivals, Ryanair does not add fuel surcharges to its ticket prices.

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This entry was posted on Tuesday, February 1st, 2011 at 9:19 am and is filed under Travel News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.