Ryanair reports £700million loss after losing 80% of passengers during pandemic – Mirror Online

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Ryanair has reported a full year loss of £702million as traffic fell 81% during the Coronavirus pandemic.

The Irish carrier said passenger numbers collapsed from 149million the year before to just 27.5million during the outbreak, which resulted in almost a year of travel bans for UK passengers.

Ryanair said its fortunes were hit by the COVID-19 pandemic as “European govts (with little notice or co-ordination) imposed flight bans, travel restrictions and national lockdowns”.

It described the financial year as “the most challenging” in the firm’s 35-year history due to the pandemic.

Ryanair added that while it saw a partial recovery last summer, “constantly changing” guidelines made operation difficult for its staff as the airline came under fire from passengers and consumer groups over refunds.



Michael O'Leary - the boss of Ryanair
Michael O’Leary – the boss of Ryanair

But the low-cost airline said in a statement it expects to benefit from a “strong rebound of pent up travel demand” through the second half of 2021.

It is looking to returning to pre-Covid growth in summer 2022 with the help of the delivery of Boeing 737 “Gamechanger” aircraft and new bases in Billund, Riga, Stockholm, Zadar and Zagreb.

Chief executive Michael O’Leary said he hoped that the surge in bookings of recent weeks would allow the company to break even in the current financial year.



Holidays to Portugal will resume from Monday, May 17
Holidays to Portugal will resume from Monday, May 17

“There was a partial recovery during summer 2020, as initial lockdowns eased, however a second Covid-19 wave in Europe followed quickly in the autumn with a third wave in spring,” Ryanair said in a statement.

“This created enormous disruptions and uncertainty for both our customers and our people, as they suffered constantly changing Government guidelines, travel bans and restrictions.

“Ryanair responded promptly, and effectively, to this crisis, by working hard to assist millions of customers with flight changes, refunds and changed travel plans.

“We minimised job losses through agreed pay cuts and participation in Government job support schemes, while at the same time keeping our pilots, cabin crew and aircraft current and ready to resume service once normality returns.”

Ryanair is restarting its flight schedule to a number of destinations from Monday, May 17 as the government further eases lockdown restrictions in parts of Britain.

From today, quarantine-free holidays can go ahead, with Brits only required to have a negative Covid test before returning to the UK and one on day two.

However just four of the 12 green destinations are open to Brits, with Portugal and Gibraltar the only popular holiday destinations.

In response, Ryanair has added another 135,000 seats for Portugal with flights from £9.99.

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