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.