The Guardian - Jasper Jolly
Ryanair has warned of a “hugely uncertain” financial outlook, even as the budget airline geared up to run more flights this summer than before the coronavirus pandemic struck.
The Irish-listed carrier made a loss of €96m (£80m) in the last three months of 2021, although that was a significant improvement over the €321m loss in the same period in 2020, when strict international travel restrictions were still in place. Revenues quadrupled compared with last year, it said in its third-quarter results update.
Ryanair added that the first three months of 2022 would require “significant price stimulation at lower prices” to attract customers, which could hit profits. That uncertainty, plus the possibility of new restrictions if another coronavirus variant of concern were to arise, meant the airline left unchanged its guidance for a loss in the year ending in March, at €250m to €450m – a wider than usual range.
