Shares of Ryanair Holdings PLC witnesses a rise of 4.9% on Monday after it revealed its third-quarter net loss squeezed sharply on significantly lower fuel prices, and lifted its full-year net profit guidance on account to better-than-expected performance.

Ryanair's reported its net loss of 10.9 million Euros (9.5 million pounds) in the three months to the end of December compared with a 118.8 million euro net loss the previous year and a forecast for a net loss of 35.1 million Euros by Ryanair's in-house broker Davy.

However, it speculates its fourth-quarter sales to be squeezed 7% to 10%. Deputy CEO and Chief Financial Officer Howard Millar told Dow Jones Newswires it was too far to betoken the all-important yield figure after the next 60 days.

Ryanair, which in December broke off talks with Boeing on a potential order of up to 200 aircraft, revealed that it was looking forward to scale back investments from 2013 and it could proceed returning cash to shareholders instead.

"Market conditions remain difficult, although the increasing pace of consolidation and closures among our competitors--allied to Ryanair's continuing fleet expansion--will lead to further market share gains this year in particular in Italy, Scandinavia, Spain, and the U. K.," said Chief Executive Michael O'Leary.

At 0845 GMT Monday, Ryanair stock witnessed an increase of 4.9% at EUR3.51 in Dublin in a tepid overall market, marginally up from EUR3.03 this time last year. The ISEQ Overall Index was up 0.2% at 2,981.3.