The last year ended with a record loss for the Irish low-cost company. This year the tide should turn again: Ryanair sees the aviation industry back in the fast lane.

Below the fraction line was a minus of a billion euros for the twelve months to the end of March, after a profit of 649 million euros a year earlier, as the company announced on Monday. If one excludes a special charge due to ultimately worthless fuel price hedging transactions, the minus was 815 million euros - and thus within the recently improved forecast of the corporate management.

The Irish airline on Monday reiterated its forecast that passenger numbers for the current financial year would be at the lower end of a range of 80 to 120 million. In the quarter from April to June, 5 to 6 million passengers were expected. In the fiscal year ending March, the company carried 27,5 million passengers

But no need to worry: For the current financial year until the end of March 2022, the management around Ryanair boss Michael O'Leary believes in a result close to the breakeven point. By and large, the group relies on the global vaccination campaigns and falling travel restrictions.