Ryanair Holdings plc forecasts a record £837 million of annual loss.
The low-cost airline reports £269 million of loss in the third quarter. The Irish budget air carrier says its revenue slid 82% in fiscal Q3. Ryanair Holdings plc (LON: RYA) said on Monday that the ongoing COVID-19 restrictions are likely to translate into a record £749 million to £837 million of loss this year. But CEO Michael O’Leary expressed confidence that vaccination against the novel flu-like virus will resume demand for air travel this summer, resulting in a dramatic recovery. Ryanair shares jumped a little under 2% in premarket trading on Monday and lost the entire intraday gain ...
Source: invezz.com