Expected loss of $ 1 billion due to travel disruption
Business

Ryanair This fall 2021 earnings

By UMass Mag

Passenger jets operated by Ryanair Holdings stand on the tarmac at London Stansted Airport in Stansted, UK on May 1, 2020.

Chris Ratcliffe | Bloomberg | Getty Images

LONDON – Ryanair reported a net loss of € 815 million ($ 989 million) for the full year on Monday as traffic restrictions decreased by 81% following Covid-19 restrictions.

According to Refinitiv, analysts had forecast a net loss of 933 million euros for the twelve months that ended in March.

The low-cost airline said the new fiscal year “continues to be challenging, with uncertainty about when and where Covid bans and travel restrictions will be eased”.

This is a breaking news item that will be updated.

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Jim Faile has done it all in his 27 year as an Author, Editor, Writer, Copywriter, Blogger, and Mentor. You name a newsroom beat and Jim has covered it with the best of them. He also loves his dogs, traveling, Rays baseball, and dreaming up his next writing project.

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