Ryanair shares fall despite 6pc increase in passengers
Published 04/03/2010 | 05:00
Ryanair's passenger traffic rose 6pc in February compared to the corresponding month in 2009 to 4.37 million, the airline said yesterday.
Its load factor -- the percentage of seats it filled on its aircraft -- slipped three percentage points, however, to 75pc.
The decline in load factor helped propel Ryanair's stock lower on the ISEQ yesterday, with its shares closing down 2.5pc at €3.52.
This came as British Airways (BA) said its passenger load factor last month rose 2.2 percentage points compared to February 2009, to 74.2pc.
The carrier, headed by former Aer Lingus boss Willie Walsh, had reduced its passenger capacity in the period by 1.9pc.
BA also reported a 5pc increase in premium traffic, while non-premium traffic was 0.3pc higher. Overall passenger traffic was 1.1pc higher in February.
BA said the last month had been affected by weather disruption.
The airline's statement noted that trading conditions remain "unchanged" from the position set out at the beginning of last month in an interim management statement. The airline expects to post a record full-year loss in the current financial year, which ends this month.
Shares in BA closed down slightly at £2.24 (e2.45) yesterday.
Aer Lingus will also report full-year figures to the end of December 2009, next week.