The Covid- component weighs in on the turnover

The Covid- component weighs in on the turnover

Ryan Air He lost 815 million euros During the last year of operation (ending March 31, 2021 and launched on April 1, 2020) due to the epidemic that affected the global aviation sector. Taking into account the changes in oil prices and exchange rates – the airline explained in a note – the loss after tax reached one billion euros. The SalesReported by the company in the financial statements published on the site – 81% down to 64 1.64 billion. Ryanair has defined 2020/21 as the most challenging year in its 35 – year history. The number of passengers dropped from 149 million to 27.5 million.

Passenger crash in Kovid year

With 149 million passengers on board overnight, Ryanair crashed overnight. 27.5 million The company blames the ban on flights, restrictions and the closure of national borders. Approximately cut group 3,000 jobs It is equivalent to 15% of its workforce to cut costs, remembering that many European companies succumbed to the financial impact of the pandemic, such as Flyb, Level or Germanwings.

Resumed in the second half of the year

The Irish company, founded by Michael O’Leary, expects a strong return Demand for flights is rising again. He expects a strong recovery in the second half of the current year if most Europeans are vaccinated, as currently expected. Recent events encourage us Availability of different vaccines Against Kovid-19, we hope that their use this summer will help resume intra-European air and tourist traffic. But if bookings have increased significantly since April 1, the visibility for the workout remains Close to zero, Makes it impossible to provide guidance.

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