Ryanair announced Q3 result and €400m share buy-back programme

Ryanair has announced a third quarter net profit of €49m compared to loss of €35m in the year-ago quarter.  Traffic grew 14% to 21m customers as the average fare rose 2% to €40.  Revenues grew 17% to €1,132m while unit costs fell 6% (ex-fuel flat).  Load Factors rose 6% points from 82% to 88% – this success is credited by the airline to the continuing success of its “Always Getting Better” customer programme and its “significantly expanded winter schedule”. Ryanair’s CEO, Michael O’Leary, said: “As 2015 will be Ryanair’s 30th year of bringing low fares to Europe, we are pleased