Ryanair has reported a record annual after-tax loss of €815m today after Covid-19 restrictions forced it to scrap over 80% of flights, but the airline said there were signs the recovery had begun.
Ryanair said it flew 27.5 million passengers in its financial year ended March, down from 149 million the previous year in what it called the most challenging in its history.
The airline reiterated its forecast that passenger numbers for the current fiscal year would be towards the lower end in the range of 80 million to 120 million passengers.
It expects to fly just 5 million to 6 million passengers in the April to June quarter. Ryanair said it was impossible to give a formal profit outlook for the year, but added that it "cautiously believed