Ryanair Looks to the Future as Rebound Goes On

Ryanair has improved its long-term outlook even as the low-cost carrier continues to be hit by short-term disruption caused by the Covid-19 pandemic

Releasing the airline said it now expected to carry 225 million guests annually by 2026, up from a previous expectation of 200 million each year results for the third quarter. However, the Omicron variant of Covid-19 slowed the recovery in the past three months.

Ryanair reported losses of €96 million for the three months to the end of December, though this was an improvement on losses of €321 million in the same period in 2020. The airline carried 31 million passengers over the period, up from eight million in the December quarter of 2020.