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…
