Predicts July-Sept traffic at 50-70% of pre-pandemic levels Says traffic could recover fully by next winter (Adds fresh quotes and detail after analyst call)
DUBLIN, Feb 1 (Reuters) - Ryanair expects a record loss of close to 1 billion euros ($1.2 billion) in the year to March 31 before what Chief Executive Michael O’Leary says will be a “dramatic recovery” later in the year thanks to COVID-19 vaccination programmes.
The Irish low-cost airline, Europe’s largest, forecast a loss between 850 million and 950 million euros in its current financial year - about five times larger than its previous record loss in 2009.
But O’Leary told an investor call that bookings would “snap back very strongly” once confidence grows in the rollout of vaccines across the European Union.
The British region of Northern Ireland on Thursday extended its COVID-19 lockdown for an additional four weeks to March 5 and its deputy first minister said the measures might have to be extended again.
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DUBLIN A new strain of COVID-19 that reached Ireland from the United Kingdom is spreading faster than the country’s most pessimistic forecasts, Prime Minister Micheal Martin said on Wednesday.
“While international research for this new variant is ongoing, it is already very clear that we are dealing with a strain of the disease that spreads much, much more quickly,” Martin said in a televised address announcing a tightening of public-health restrictions for the next four weeks.
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By Reuters Staff
1 Min Read
DUBLIN, Dec 29 (Reuters) - Ireland reported the highest COVID-19 new cases in a single day on Tuesday, with 1,546 infections, up from a previous record of 1,296 on Saturday.
The government is to meet on Wednesday to consider additional restrictions to try to control a surge that began after public-health measures were eased in early December when Ireland had the lowest infection rate in the European Union. (Reporting by Conor Humphries Editing by Chris Reese)