Ryanair reports loss of €273 million yet anticipates ‘strong recovery’
Michael O’Leary says he has ‘never seen in 30 years the amount of growth potential’ at the airline
Ryanair reported a loss of €273 million for the first quarter of its 2022 financial year, compared to a €185 million loss for the same period of time last year.
At the same time debt was down to €1.66 billion at the end of last month, compared to €2.28 billion at the end of March; passenger numbers passed the 8 million mark in May and June; and 379 new routes and ten new bases were announced.
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