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Ryanair says business ‘continues to be challenging’ as traffic falls 81% – CNBC

The budget airline reported a full-year net loss of 815 million euros as Covid-19 restrictions hit home.

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LONDON Ryanair has reported a “strong snap back” in bookings in recent weeks, but said that business continues to be challenging.
The airline reported a full-year net loss of 815 million euros ($989 million) on Monday as Covid-19 restrictions pushed its traffic levels down 81%. Analysts had forecast a net loss of 933 million euros for the 12 months ending in March, according to Refinitiv.
Speaking to CNBC on Monday, Ryanair’s CEO Michael O’Leary said it was a “very difficult year,” but that the…

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