Michael Oleary business RyanAir Michael Oleary

Ryanair posts first half loss of €48m as passenger traffic recovers

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Ryanair has today reported its first quarterly profit since before the onset of Covid-19, but said it expects to post an annual loss of up to €200m as it would be forced to discount tickets to fill its planes over the winter.

The airline, which operated more flights this summer than its European rivals, today reported an after-tax loss of €48m for the six months to September.

A company poll of analysts had forecast a loss of €43m. While it did not break out its after-tax profit for the three months ended September, its second quarter, the €273m loss it reported in the first quarter implies a second quarter profit of €225m.

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