Ryanair: annual losses expected to rise

(CercleFinance.com) - The Board of Ryanair announced that it was lowering its full-year Guidance from a previous Net Loss range of between E100m to E200m.


The Omicron Covid variant and recent Government travel restrictions across Europe have notably weakened close-in Christmas & New Year bookings. This sudden downturn has also caused Ryanair this week to cut its planned January schedule capacity by 33%.

The impact of these recent Government travel restrictions, in particular last weekend's ban on UK arrivals into France and Germany, and the suspension of all EU flights to/from Morocco has lowered Ryanair's expected December traffic from between 10m-11m, to a lower range of between 9.0m-9.5m.

Ryanair has now cut its January capacity by 33%, reducing its expected January traffic from approx. 10m to between 6m-7m. In light of the current uncertainty about the Omicron variant, and intra-Europe travel restrictions, no schedule cutbacks have yet been decided for February or March 2022.

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