Saturday August 15, 2020

Ryanair: Eight key takeaways from the airline’s latest results

A 99 per cent reduction in passenger numbers has led to a severe drop in revenue, but the company remains optimistic about its chances of recovery. Here is what we learned:

27th July, 2020
Michael O‘Leary, Ryanair’s group chief executive, said the airline would be one of the few who will be able to grow if and when the Covid-19 pandemic eases and the aviation industry is able to start getting back to normal. Picture: Getty

1: Covid-19 has had a significant impact on Ryanair:

The airline reported a net loss of €185 million for the three months of April, May and June. It made an after-tax profit of €243 million over the same period last year. The Covid-19 pandemic and consequent impact on air travel resulted in a 99 per cent drop in passenger numbers from 41.9 million during those months last year to just 500,000 in the comparable...

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