Omikron seems to thwart the Ryanair Group's plans, because company boss Michael O'Leary is significantly reducing the supply for January 2022 due to a lack of demand. He also expects that the annual loss could be twice as high as last assumed.

Late, but also Ryanair was hit by the renewed reluctance to book. The entry and quarantine regulations of various countries, which are tightened again due to the Omikron variant, also have a massive impact on the Irish low-cost airline, which has so far "got through" better than its competitors. In Austria, too, the red pencil is used and sends a total of 15 routes on a temporary break.

Whether the routes and frequencies that Michael O'Leary will be reducing from around the beginning of January 2022 will be reactivated in February or March 2022, the group of companies leaves open in a stock exchange announcement. Obviously, you don't have the confidence to make a prognosis. With a view to the same period last year, this is probably not a bad idea, because the travel restrictions have been extended again and again.

By November 2021, O'Leary assumed that the current financial year could end in the black. He said goodbye and now expects a loss of 2022 to 250 million euros to be flown in by the end of March 450. The shortfall cannot be estimated more precisely because the further development of entry and quarantine regulations in Europe cannot currently be estimated.

Most of the governments of the EU members have panicked due to the Omikron mutation and have tightened their travel rules significantly. Studies from the UK and South Africa, however, allow the assumption that the current Corona variant could predominantly cause slight gradients. Accordingly, anger and despair build up in the tourism industry.

Many tour operators, airlines and hotels are currently being flooded with cancellations. At Ryanair in particular, it has been shown that the booking situation is very good until immediately after the Christmas holidays, but the no-show rate is already astronomical. You are not yet forced to suspend routes, because you do not know how many passengers will actually come and on top of that, the tickets have been paid for. After the Christmas break, pretty much all European airlines - including Ryanair - are far from looking good. The booking situation is weak and there are no noteworthy new bookings. So it cannot be ruled out that the reduction in supply by around a third announced by Ryanair was just the beginning and much more could be canceled. Competitors like Wizz Air did well earlier announced the reduction in production.