The airline, Europe’s busiest, said that this quarter would continue to be challenging but that a new fleet, renegotiated airport contracts and pent-up demand would help the figures to improve by next MarchRyanair has plunged to an €815 million loss in the pandemic year of strict travel restrictions and grounded aircraft and its new financial year has opened with passenger numbers remaining deeply depressed. The airline says that it can avoid being deeply lossmaking in the the year to next March but it reported that passenger numbers in this trading quarter would be even lower than the average decline during the previous 12 months. SponsoredIn the year to the end of March Ryanair’s passenger numbers dropped 81 per cent to 27.5 million. In this quarter Ryanair’s estimated outturn of between 5 million and 6 million passengers would represent a fall of between 85 per cent and 88 per cent on the 42 million carried in the same

Source: The Times May 17, 2021 08:03 UTC