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After record loss, Ryanair sets sights on recovery
Robert Besser
21 May 2021, 03:43 GMT+10
Discount airline Ryanair posted a record after-tax loss of $989 million in the year ended March 31, as coronavirus restrictions forced it to cut over 80 percent of its flights but it expects to break even this year as travel picks up
A company poll had forecast a loss of $1 billion for the airline, which described the year ended March 31 as the most challenging in its history
Europe s largest discount carrier said it flew only 27.5 million passengers during the year, down from 149 million the previous year
SWORDS, Ireland: Discount airline Ryanair posted a record after-tax loss of $989 million in the year ended March 31, as coronavirus restrictions forced it to cut over 80 percent of its flights, but said it expects to break even this year as travel picks up.
Ryanair remains hopeful about recovery after posting record losses
21 May 2021, 03:43 GMT+10
SWORDS, Ireland: Discount airline Ryanair posted a record after-tax loss of $989 million in the year ended March 31, as coronavirus restrictions forced it to cut over 80 percent of its flights, but said it expects to break even this year as travel picks up. It s better than we predicted, but still a fairly traumatic loss for an airline that has been consistently profitable for our 35-year history, according to group chief executive Michael O Leary, as quoted by Reuters.
A company poll had forecast a loss of $1 billion for the airline, which described the year ended March 31 as the most challenging in its history.