Ryanair raises full year forecast as 3Q losses narrow; Tiger Airways pax growth of 54% in 4Q2009
Ryanair’s shares gained 7.2% after Europe’s largest LCC raised its earnings forecast, as a smaller than expected yield fall (a 12% reduction, rather than the up to 20% reduction previously guided) helped narrow the carrier’s third quarter loss to EUR11 million (compared with EUR119 million in the previous corresponding period).
