Irish no-frills carrier Ryanair warns that it will suffer a record annual loss of almost 1.0 billion euros ($1.2 billion).
LONDON: Irish no-frills carrier Ryanair warned Monday that it will suffer a record annual loss of almost 1.0 billion euros ($1.2 billion) as the coronavirus pandemic ravages demand for air travel.
Ryanair forecast a net loss of between 850 million and 950 million euros in its current year to March despite the vaccines rollout.
“FY21 will continue to be the most challenging year in Ryanair’s 35 year history,” the company said in a statement, noting that Covid-19 was wreaking “havoc”.
The gloomy prediction came as it also reported a net loss of 306 million euros for the three months to December.
The third quarter loss contrasted sharply with a net profit of 88 million euros a year…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.