Ryanair makes a loss

RYANAIR has posted an annual loss for the financial year ending 31 March 2009.  The Irish low cost carrier declared a E169.2m loss for the year on a turnover of E2.94bn but the airline announced an after adjustments profit of E105 million.  Ryanair carried 58.5 million passengers in the financial year up 15% but adjusted profits for the year 2007/8 was E480m and the E105m was 78% down over the same period in 2008/9. www.ryanair.com

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