Ryanair to raise €170m through share placing

Ryanair has confirmed it plans to raise €170m through a share placing.

Ryanair has confirmed it plans to raise €170m through a share placing.

The news came as the carrier's passenger numbers grew by 30% following September 11.

The carrier is to put 26 million shares - or 3.6% of its equity - on offer to help fund the purchase of 100 new jets from Boeing.

The company also announced its web site booking service - Ryanair.com - was now accounting for 91% of seat sales, two years after its introduction.

Third-quarter pre-tax profits grew to €33m from €26.9m.

Load factor - the number of seats filled by an airline - increased by 3% to 79%.

Revenue increased to stg£82.8m (€135.2m) from stg£70.3m (€114.8m).

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