Ryanair in red on ISEQ
06/02/2006 - 12:23:54Low-budget airline Ryanair fell 28c to €7.44 despite their announcement of third quarter profits of €37m.
Traffic grew by 26% to 8.6m passengers, whilst yields were almost flat, as expected, as total revenues rose by 27% to €370.7m. Unit costs increased by 3% (excluding fuel they fell by 6%) as fuel costs rose by 59% to €114.9m.
This helped the ISEQ index of Irish shares into the red this morning, with the Dublin stock exchange down 19.91 points to 7634.11 by noon today.
The financial heavyweights enjoyed mixed fortunes today. Anglo Irish Bank had the heaviest losses, down 11c to €12.97. Bank of Ireland slipped 1c to €14.34.
AIB rose 5c to €18.60, while Irish Life and Permanent recorded no change at €17.65.
Elsewhere, Tullow Oil rose 10c to €4.59.
