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Ryanair reports full year loss of EUR 815 million
As traffic falls 81% due to Covid-19 travel restrictions
Ryanair Holdings plc today (17 May) reported a full year loss of €815m (excl. hedge ineffectiveness), compared to a PY profit of €1,002m. Features of FY21 included:FY21 traffic fell 81% from 149m to 27.5m due to Covid-19 restrictions.Liquidity preservation prioritised with €3.15bn cash at year end (31 Mar.).Cost reductions implemented across all Group airlines.Unprecedented backlog of Covid customer reque...
AVIONEWS - World Aeronautical Press Agency