Ryanair Holdings plc reported unaudited consolidated earnings results for third quarter and nine months ended December 31, 2011. For the quarter, the company reported profit attributable to equity holders of parent of EUR 15 million or 1.02 cents per diluted share compared to loss attributable to equity holders of parent of EUR 10.3 million or 0.69 per diluted share reported in the same period last year. Profit after tax was primarily due to a 17% increase in average fares and strong ancillary revenues, offset by significantly higher fuel costs. Total operating revenues increased by 13% from EUR 746.3 million to EUR 844.4 million, primarily due to a 17% increase in average fares, offset by a 2% decrease in passenger numbers. Operating profit was EUR 29.4 million compared to an operating loss of EUR 0.3 million in the quarter ended December 31, 2010. Loss before tax was EUR 13.9 million against EUR 12.4 million reported last year. Adjusted profit after tax was EUR 14.9 million against loss of EUR 10.3 million reported last year. For the nine months, the company reported total operating revenues from continuing operations of EUR 3,556.8 million against EUR 2,927.9 million and operating profit from continuing operations of EUR 679.9 million against EUR 515.1 million reported in the same period last year. Profit before tax was EUR 635.1 million against EUR 469.8 million reported last year. Profit attributable to equity holders of parent was EUR 558.4 million or 37.73 cents per diluted share against EUR 413.7 million or 27.78 cents per diluted share reported last year. Net cash provided by operating activities was EUR 401.7 million against EUR 198.4 million and capital expenditure was EUR 106 million against EUR 566.9 million reported last year. Net debt has fallen from EUR 708.8 million at March 31, 2011, to EUR 513.4 million at the period end. Adjusted profit after tax increased by 26% to EUR 558.4 million compared to EUR 441.6 million in the nine months ended December 31, 2010 primarily due to a 15% increase in average fares and strong ancillary revenues, offset by a 31% increase in fuel costs. For the fiscal 2012, the company expects full year profitability will exceed the previous guidance of EUR 440 million and rise to approximately EUR 480 million after tax. The company expects gross capital expenditure is about EUR 500 million and hopefully next year, the will be dropping down. Aircraft capital expenditure was about EUR 400 million for fiscal 2013.