Ryanair suffers £234m loss in three months as Covid-19 'wreaks havoc'

26 July 2021, 08:20

Ryanair lost over £200 million in the first three months of the year alone.
Ryanair lost over £200 million in the first three months of the year alone. Picture: Alamy

By Emma Soteriou

Ryanair suffered a £234 million loss in the first three months of the financial year as Covid-19 continued to "wreak havoc", the airline has reported.

Between April and June, the losses were higher than £158 million in the same period of 2020.

However, the first quarter saw an increase in traffic from 0.5 million to 8.1 million, compared to the previous year.

Ryanair flew only 27.5 million people in the year to March 2021, a huge drop from the 148.6 million in the previous year.

The company said: "Covid-19 continued to wreak havoc on our business during Q1 with most Easter flights cancelled and a slower than expected easing of EU govt. travel restrictions into May and June.

"Significant uncertainty around travel green lists (particularly in the UK) and extreme govt. caution in Ireland meant that Q1 bookings were close-in and at low fares."

Read more: Travellers complain of 'total chaos' at airports as holidaymakers jet off

Read more: Travellers from green and amber list countries ‘may not face Covid checks’

Grant Shapps confirms new travel rules for double-jabbed people in England

It comes as the company revealed that it expected to fly up to 100 million passengers this financial year, having made a good recovery with summer bookings.

That said, the outcome depends on the vaccine rollout over summer as well as the possibility of more Covid variants.

"FY22 continues to be challenging, with Covid-19 travel restrictions prolonging uncertainty," Ryanair said.

"Following the 1st July rollout of EU digital Covid certificates (and the relaxation of the UK's quarantine rules) for fully-vaccinated persons, our group has seen Q2 bookings recover strongly (albeit at low fares).

"We believe that FY22 traffic has improved to a range of 90m to 100m (previously guided at the lower end of an 80m to 120m passenger range) and (cautiously) expect that the likely outcome for FY22 is somewhere between a small loss and breakeven.

"This is dependent on the continued rollout of vaccines this summer and no adverse Covid variant developments."

More Latest News

See more More Latest News

Breaking
Breaking News

'She was grateful for life': parents of Southport stabbing victims pay tribute to their children

Israeli hostage reunited with his family.

Emotional moment Israeli hostages reunite with families after being paraded on stage by Hamas

Police officers hold back protesters trying to block the road at the rally.

Protesters clash with police as thousands rally outside proposed site for new Chinese ‘mega-embassy’ in London

The father of the Huszti sisters has said he believes his daughters were "kidnapped" and "cruelly killed"

Heartbroken father of sisters found dead in River Dee believes they were 'lured to their death'

Hollyoaks star and country singer thought to be son of British couple shot dead in French villa ‘by UK gangsters’

Hollyoaks star breaks silence over death of mum found dead in French villa with her husband

Harvey Willgoose's parents Caroline Willgoose (left) and Mark (right) holder a banner as they march to Bramall Lane in memory of their son

Hundreds gather for memorial march after 15-year-old Harvey Willgoose stabbed to death at school in Sheffield

Police tell locals to stay away from Jeremy Clarkson’s pub due to large gathering of pony and traps

Police tell locals to stay away from Jeremy Clarkson’s pub due to large gathering of pony and traps

Pauline Quirke

Birds of a Feather star Pauline Quirke 'struggling to identify family members' amid dementia battle

Detail of the logo on a Sony PlayStation 5 home video game console

PlayStation Network hit with worldwide outage as tens of thousands of gamers locked out

The Government has ordered Apple to allow it to access encrypted files uploaded to the cloud by any Apple user worldwide, it has been reported.

UK Government orders Apple to give it access to users’ encrypted data in 'unprecedented attack on privacy'

The wreckage of the small commuter plane that crashed in western Alaska has been found

Missing Alaska Bering Air plane found with all 10 people on board confirmed dead

Hollyoaks star and country singer thought to be son of British couple shot dead in French villa ‘by UK gangsters’

Hollyoaks star and country singer thought to be son of British couple shot dead in French villa ‘by UK gangsters’

Israeli hostages Or Levy, Eli Sharabi and Ohad Ben Ami have been released

'We won't gloss over the shocking scenes', warns Netanyahu as three freed by Hamas paraded on stage

Harry and Meghan at the 2023 Invictus Games

Meghan to join Prince Harry at Invictus Games in Canada

Exclusive
General Secretary of the Fire Brigades Union Steve Wright is yet to receive a follow up on the minister’s comments.

Government must introduce health checks for firefighters after Grenfell, union says

c

New EPC rules for landlords could lead to higher rents and fewer homes