The airline said its net loss for the 12 months to 31 March 2021 would be between €800 million and €850 million.
The airline had previously forecast a loss of between €850 million and €950 million.
The group ended the financial year with passenger numbers of 27.5 million, a massive drop from the 149 million in 2019/20, due to the pandemic.
Ryanair said its balance sheet “remains strong” with a BBB credit rating and more than €3.15 billion in cash. More than 84% of the group’s owned fleet of 420 Boeing 737 aircraft are free of debt.
