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Falling loads weigh on EasyJet shares

Shares in Ryanair rival EasyJet fell by 4% to £2.74 today after the company revealed it was filling fewer available seats since its takeover over of Go earlier in the year.

Load factors for December fell to 77%, compared with 79.9% a year ago before to the merger. Passenger numbers for December were 1.4 million, up nearly 40% on last year.

Ryanair carried 1.3 million passengers in December, up 64% on last year, and had a load factor of 85% compared with 77% a year ago.

Ryanair shares were also down 13 to €7.04 in Dublin, despite a Wall Street Journal article saying that any sharp deep following the start of war in Iraq could provide a good buying opportunity for investors in Ryanair.

Meanwhile, Ryanair has named two deputy chief executives - current chief financial officer Michael Cawley and director of finance Howard Millar. Mr Cawley also becomes chief operating officer, while Mr Millar takes over as chief financial officer.