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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/bad-weather-brings-loss-for-ryanair.jpg"><img class="alignnone size-full" title="Ryanair has reported a loss for the final three months of last year after it was forced to cancel more than 3,000 flights" src="http://londonglossy.com/wp-content/uploads/2011/01/min-bad-weather-brings-loss-for-ryanair.jpg" alt="Ryanair has reported a loss for the final three months of last year after it was forced to cancel more than 3,000 flights"/></a></p>
<p>Budget airline Ryanair has reported a loss for the final three months of last year after it was forced to cancel more than 3,000 flights.</p>
<p>Chief executive Micheal O&#8217;Leary said the carrier had been expecting to break even in the third quarter but reported a net loss of 10.3 million euro (£8.5 million), compared with a deficit of 10.9 million euro in the previous year, as strikes and severe weather grounded its aircraft.</p>
<p>However, a 15% rise in average fares to 34 euro (£29), a surge of 20% in ancillary revenues, such as in-flight sales of refreshments and entertainment, and a 6% hike in passenger numbers helped offset the impact of strikes in Europe and heavy snowfall in the UK.</p>
<p>The airline faced a 37% rise in its third-quarter fuel bill but Mr O&#8217;Leary said the group was on course to hit full-year net profits at the upper end of its forecast range of between 380 million euro (£325 million) and 400 million euro (£340 million).</p>
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