Ryanair expects losses to double as traffic takes a massive hit

By Linsey McNeill
23/12/2021
Home » Ryanair expects losses to double as traffic takes a massive hit

Ryanair has doubled its annual loss forecast to between €250m and €450m due to travel restrictions in France, Germany and Morocco.

The airline said it expects traffic in January to be down 33% as a result of the measures taken by countries to restrict the spread of Omicron.

It has cut its December forecast from 10 to 11 million down to between nine and 9.5 million and expects to carry no more than seven million in January.

However, it says it’s too soon to say whether it will have to make capacity cuts in February and March.

As a result of the drop in traffic, the airline expects to fly just under 100 million passengers in the year to the end of March, down from an earlier forecast of just over 100 million.

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