Ryanair forecasts $1 billion loss for fiscal year '21
Ryanair, Europe’s biggest low-cost carrier, has reported a net loss of $369 million (306 million euros) for the quarter ending December. Ryanair forecasts this fiscal year to be “the most challenging” in its 35 year-history, as airlines grapple with pandemic-induced losses and further restrictions on air travel as new variants of COVID-19 make an appearance. The budget airline is expecting a net loss of between $1.03 billion (850 million euros) and $1.14 billion (950 million euros) for its 2021 fiscal year, ending in March. Year-on-year, the budget carrier experienced a -82% change ...
Source: industryleadersmagazine.com