Ryanair sounds cautious note ahead of winter

Ryanair said today it is trading in line with expectations but that it remained cautious for the near future.

Ryanair said today it is trading in line with expectations but that it remained cautious for the near future.

The company said its load factor, which measures how well it is filling its planes, was 87 per cent in September, unchanged from the same month last year. The number of passengers carried last month rose to 3.02 million, up by 27 per cent versus September 2004.

However the company added in its trading statement "looking forward to the winter we remain cautious".

The airline confirmed it had exercised options on nine Boeing 737-800 aircraft worth more than $500 million for deliveries to begin in late 2007.

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Ryanair posted an adjusted net profit of €64 million for the quarter that ended June 30th as passengers carried rose 30 per cent, and yield - how much it receives per seat - rose 3 per cent.