Ryanair has said it expects to carry fewer than half its 2020/21 passenger target and predicts a loss of more than €200 million for April, May and June.
(Credit: Lucas Davies / Unsplash)
The budget airline expects to carry fewer than 80 million passengers in the coming financial year, compared to its original 154 million target. It said it was unable to predict its 2020/21 financial outcome as there was “no visibility on what customer behaviour and demand will be following a return to service”.
The carrier revealed full-year profits after tax of €1.002 billion for the year to 31 March, up 13% from the previous year’s €885 million.
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