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Ryanair trims loss forecast as traffic recovers

Air
James Chapple
4 April 2022

Ryanair expects to post a smaller annual loss than previously feared despite the effects of the Omicron variant of Covid-19 and Russia’s invasion of Europe.

Ryanair is now forecasting a smaller than anticipated annual loss

The budget carrier on Monday (4 April) said it now expects to record a pre-exceptional net loss for the year to 31 March of between €350 million to €400 million.


This compares to previous guidance placing the loss at between €250 million and €450 million.


Ryanair said group traffic over a rolling 12 month period to the end of March had so far recovered to more than 97 million passengers – up from 27.5 million in its previous full year, which was heavily impacted by Covid-19, but still well behind pre-pandemic levels (149 million).