Ryanair banks on rivals' pains: European airline cuts costs, increases focus on profitable routes and expanding market share

For the quarter ended December 31, Ryanair Holdings PLC's net loss narrowed to 10.9 million euro, compared with a loss of 118.8 million euro a year earlier. Revenue inched up 1% to 612 million euro from 604.5 million euro, while ancillary revenue rose 5.8% to 139.4 million euro. For the full year, Ryanair expects a net profit of 275 million euro.