Saturday, November 26, 2022

Ryanair wants to take off in the summer

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Bookings for the summer are booming, Ryanair announced in Dublin on Monday. However, growth is being threatened by the Covid-19 pandemic and Russia’s invasion of Ukraine. Given the continued risk of negative news on these issues, it’s almost impossible to give an accurate earnings forecast.

Ryanair’s net loss, adjusted for special effects, for the 2021/22 financial year, which ended at the end of March, shrank from a good one billion euros in the previous year to 355 million euros. Sales almost tripled to 4.8 billion euros.

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