Ryanair lost 20m euros in 3 months

Ryanair named his low cost today that he was out in red in the third quarter of the financial year 2018-2019 with a net loss of 20 million incense and a great reorganization began, DPA said and the French media.

For the period between October and December, the company lost a 20 million kilometer ferry, compared to a web profit of 106 million euros in the same period of the previous year.

The company has a & # 39; suffering from sharp competition in the shortest European section, which has fallen dramatically in prices, and has lost its profit.

The loss is unhappy, but it is completely due to air prices lower than expectations, and our users use levels as low as they did not, Michael Leary said , Ryanair Head.

The average cost of each trip has fallen by 6 per cent to be less than 30 euros. The number of passengers has increased by 8 per cent to 33 million for its fourth. Money shift rose by 9 per cent to 1.53 billion euros.

Irish ferry company published a major restructuring today with the establishment of four subsidiary companies. Within 12 months, there will be four Ryanair DACs in Ireland, UK Ryanair UK, Laudamotion in Austria and Ryanair Sun in Poland.

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