Ryanair expects a loss in the billions

Boeing 737-800, operated by Malta Air, at Luqa Airport (Photo: Jan Gruber).
Boeing 737-800, operated by Malta Air, at Luqa Airport (Photo: Jan Gruber).

Ryanair expects a loss in the billions

Boeing 737-800, operated by Malta Air, at Luqa Airport (Photo: Jan Gruber).
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The corona crisis still has current world events under control. This also reflects the balance sheet for the third quarter at Ryanair.

In the third quarter of a year ago, around 36 million passengers were traveling with the Irish low-coster, but the number has fallen by a full 78 percent - the airline welcomed only 8,1 million passengers on board this year. That leaves its mark, of course: Ryanair made a net loss of almost 321 million euros. In the same period of the previous year, the bottom line was an increase of 88 million euros for the low-cost airline. This also inhibits expectations for the year as a whole. The management therefore expects a loss of almost one billion euros in the current financial year. Sales in the third quarter were only around 340 million euros. A year ago it was 1,91 billion. That corresponds to a drop of 82 percent. "Covid-19 continues to wreak havoc in the industry," said Ryanair boss Michael O'Leary. But then things should go uphill again. In the financial year after next, the number of passengers should return to the pre-crisis level. The number of annual passengers is expected to grow to 2026 million by the 200 financial year.

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Editor of this article:

Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Nobody likes paywalls
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Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

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