loss of 815 million euros

by time news

AGI – Ryanair recorded an annual net loss of 815 million euros due to the Coronavirus pandemic that has grounded the global aviation sector.

Taking into account the changes in oil prices and exchange rates – explains the airline in a note – the after-tax loss reached € 1 billion. The turnover is collapsed by 81% to 1.64 billion euros.

Ryanair has defined the year 2020/21 “the most challenging” in its 35-year history. Passenger traffic fell by 81% from 149 million to 27.5 million.

The airline plans to benefit from a strong rebound in travel demandIf, as is currently expected, most Europeans will be vaccinated by September, he thinks he can hope for a strong recovery in the second half of this year.

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