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Ryanair posts record annual loss, but says Covid-19 recovery has begun

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Ryanair has reported a record annual after-tax loss of €815m today after Covid-19 restrictions forced it to scrap over 80% of flights, but the airline said there were signs the recovery had begun.

Ryanair said it flew 27.5 million passengers in its financial year ended March, down from 149 million the previous year in what it called the most challenging in its history.

The airline reiterated its forecast that passenger numbers for the current fiscal year would be towards the lower end in the range of 80 million to 120 million passengers.

It expects to fly just 5 million to 6 million passengers in the April to June quarter. Ryanair said it was impossible to give a formal profit outlook for the year, but added that it "cautiously believed

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
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Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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