omicron-to-widen-ryanair's-annual-loss

Omicron to widen Ryanair's annual loss

Published on 20 Dec. 2021 at 20: 58

Ryanair quickly became disillusioned. After publishing its first quarterly profit last month since the start of the health crisis, the Irish low-cost company more than doubled, on Wednesday, its forecast for annual net loss for the year 2021 – 2022.

It now forecasts an annual net loss for its financial year ended at the end of March of between 200 and 250 million euros, against 100 at 200 millions previously. In question, according to her, the travel restrictions put in place in France, Germany and Morocco following the appearance of the Omicron variant of the coronavirus.

Expected decrease traffic

“ The Omicron variant of the Covid and recent travel restrictions across Europe have significantly weakened our bookings for Christmas and New Year’s Day. ‘An,’ the company explains. “This sudden slowdown has led Ryanair this week to cut its planned transport capacity by 22%”, she adds by warning that “these figures are extremely sensitive to any new positive or negative information on the Covid”.

The ban imposed on British travelers to travel to Germany and France, except for compelling reasons, and to all travelers from the The European Union to travel to Morocco has also forced the company to lower traffic expectations for December.

Ryanair now expects traffic from 10 to million travelers against 9 and 9.5 million previously, details the company.

For the month of January, Ryanair indicates that it anticipates passenger traffic in the order of 6 to 7 million people, and less than 58 million passengers for the year at the end of March 2021, against more than 100 millions previously.

With AFP and Reuters