Ryanair wants to return to the black after the losses of the past two years.
The Irish low-cost airline announced today that it wants to achieve “reasonable profitability” this year. In the financial year that ended in March, the low-cost company reduced the deficit to EUR 355 million after EUR XNUMX billion in the same period last year. "The recovery remains fragile," said company boss Michael O'Leary, who refrained from giving a more specific outlook.
Despite the uncertainties caused by the Ukraine war and the CoV situation, the airline wants to increase its passenger volume to 165 million after 97 million in the past financial year. Bookings in the current quarter have improved. However, ticket prices could not have been raised as much as initially hoped, CFO Neil Sorahan told Reuters.