LONDON -- Irish low-cost airline Ryanair Holdings said Monday that its fiscal third-quarter net loss narrowed to 10.3 million euros ($14 million) from 10.9 million euros a year earlier, as revenue grew 22% to 746.3 million euros. The airline said the number of passengers carried rose 6% to 17 million and average fares increased 15%. Total fuel and oil costs for the quarter rose 37% to 283.7 million euros. CEO Michael O'Leary said the company had been on track to break even in the quarter, but that earnings were hit by a series of air-traffic control strikes as well as bad weather in December, which more than doubled the number of flights the airline cancelled. Ryanair said it expects net profit for the year to be towards the upper end of its guidance range of 380 million euros to 400 million euros.

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