Key takeaways from Ryanair’s trading update

Pandemic continues to hit airline’s financial performance but a lack of cash is not an immediate problem

1st February, 2021
Key takeaways from Ryanair’s trading update
Despite the disruption to its business, Ryanair had €3.5 billion cash on hand at the end of December compared to €4.5 billion three months earlier. Picture: Rollingnews.ie

Ryanair today released its third quarter trading update covering the three months to the end of December. Here’s what we learnt:

Ryanair’s financial performance continues to be badly hit by the Covid-19 pandemic

The Irish airline reported a €306 million loss for the three months to the end of December last, representing a near-€400 million swing from the €88 million profit it posted for the same quarter a year...

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