In a trading update, the budget carrier predicted a loss for the year ending 31 March 2022 of between €632 million and €652 million. It forecast an operating loss in its final quarter of 2021/22 of between €190 million and €210 million, ahead of forecasts, due to a stronger trading environment.
The carrier, which operates 153 aircraft, said it was ramping up operations “and crewing for a busy summer flying programme”, with capacity more than 30% ahead of 2019 in the April – June 2022 quarter and more than 40% ahead of 2019 in the July – September 2022 quarter.
