Ryanair has stated it anticipates its annual budget will close showing a deficit of 1 billion euro.
- Airline forecasts for the current year are now very cautious.
- Where passenger traffic growth was anticipated, now just a stagnation would be hopeful.
- COVID variants affecting all hope of 2021 being a bounce-back year.
After 35 years of positive activity, the coronavirus pandemic has spared no one. The Irish group, Ryanair, is no exception and does not see exciting prospects for improvement nor for the current year.
Between October and December 2020 (third financial quarter), the Irish carrier recorded a net loss of 306 million euro, while in the same period of 2019, the profits had reached 88 million euro.
The closing of…