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Ryanair: closes the year in the red of 815 million, weighs covid

2021-05-18T20:17:51.583Z


Ryanair posted a loss of € 815 million for the year ended March 31, compared to a profit of € 1 billion the previous year. Traffic dropped 81% to 27.5 million, compared to 149 million the previous year. (HANDLE)


(ANSA) - MILAN, MAY 17 - Ryanair recorded a loss of € 815 million for the year ended March 31, compared to a profit of € 1 billion the previous year. Traffic fell by 81% to 27.5 million, compared to 149 million the previous year. Revenues stood at 1.64 billion (-81%). The Covid-19 restrictions weigh on the results.


    The company notes that bookings have increased significantly since April 1, with a strong recovery in the second half of the year, but visibility for the year remains "close to zero", making it impossible to provide guidance.


   (HANDLE).


Source: ansa

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