Ryanair reports disappointing 3QFY2011 results, Air Arabia shares down 6%
Europe’s largest LCC Ryanair reported a disappointing loss in 3QFY2011 but the airline is forecasting a stronger final quarter with results towards the upper end of its forecast range. The carrier made a EUR300,000 operating loss and a net loss of EUR10 million, on revenue of EUR746 million.
