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Ryanair rebounds into Q3 profit of 211 million euros

Irish no-frills airline Ryanair said Monday that it rebounded into net profit in the third quarter of its financial year, buoyed by strong demand over the festive period. Ryanair logged a profit after taxation of 211 million euros ($229 million) for the three months to the end of December after a net loss of 96 million euros a year earlier, the Dublin-based carrier said in a results statement, adding that passenger traffic soared almost a quarter.

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