Ryanair, known as Europe’s largest airline, according to passenger numbers, has reported an expected net loss between €250 million ($283 million) and €450 million ($510 million), in the year ending March. The previous forecast had put the amount between €100 million ($113 million) to €200 million ($226 million). The airline has also cut its passenger forecast range for this month from 10 million-11 million to between 9 and 9.5 million. The airline has also estimated a cut in its passenger forecast for January to 6 million-7 million, which was previously forecasted to be 10 million. Only last month, Ryanair had announced its first quarterly profit recorded since the pandemic had begun.

Source: The Guardian December 24, 2021 12:52 UTC