Ryanair’s first half losses tumble almost 90% to €48m
almost 4 years in The Irish Times
Ryanair’s losses tumbled to €48 million in the six months ended September 30th as passenger traffic rebounded.
The Irish airline said on Monday that revenues rose 83 per cent in the six-month period - the first half of its financial year - to €2.15 billion from €1.18 billion.
First-half losses fell almost 90 per cent to €48 million from €411 million during the same period in 2020.
Chief executive, Michael O’Leary, said Ryanair expected to lose between €100 million and €200 million in its current financial year, which ends on March 31st 2022.
Mr O’Leary said traffic rebounded in the second quarter, when the EU introduced its EU digital Covid certificate.
“ In recent weeks, we have seen a surge in bookings for the October mid-term and Christmas breaks and we expect this peak buoyancy to continue into Easter and summer 2022,” he added.
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