IRISH discount airline Ryanair has lowered its loss estimates for the fiscal year marked by the coronavirus pandemic, warning that the slow introduction of the covid-19 vaccine may weaken its prospects for the next 12 months.
The largest discount airline in Europe announced on Wednesday that it expects the company to have a net loss of 800 million to 850 million euros in the fiscal year ending in March. So far, he estimates that this will reach 850 to 950 million euros.
The company will release its annual report on May 17.
They also pointed out that if specific figures are not provided, the number of passengers transported in the new fiscal year will not reach the expected 8 to 120 million.
They carried 27.5 million passengers in the 2020/2021 fiscal year, compared with 149 million in the same period last year.
“Due to the EU’s restrictions on the slow use of the covid-19 vaccine, the Easter restrictions, i.e. the lockdown, and the postponement of traffic recovery until the summer peak of 2021, this means that the traffic volume in fiscal year 2022 is likely to be reduced. Close to our goal Scope,” they said.
They pointed out that it is too early to formulate reliable performance guidelines in the new fiscal year, adding that they can only predict “positive zero”.