Ryanair suffers £234m loss in three months as Covid-19 'wreaks havoc'

26 July 2021, 08:20

Ryanair lost over £200 million in the first three months of the year alone.
Ryanair lost over £200 million in the first three months of the year alone. Picture: Alamy

By Emma Soteriou

Ryanair suffered a £234 million loss in the first three months of the financial year as Covid-19 continued to "wreak havoc", the airline has reported.

Between April and June, the losses were higher than £158 million in the same period of 2020.

However, the first quarter saw an increase in traffic from 0.5 million to 8.1 million, compared to the previous year.

Ryanair flew only 27.5 million people in the year to March 2021, a huge drop from the 148.6 million in the previous year.

The company said: "Covid-19 continued to wreak havoc on our business during Q1 with most Easter flights cancelled and a slower than expected easing of EU govt. travel restrictions into May and June.

"Significant uncertainty around travel green lists (particularly in the UK) and extreme govt. caution in Ireland meant that Q1 bookings were close-in and at low fares."

Read more: Travellers complain of 'total chaos' at airports as holidaymakers jet off

Read more: Travellers from green and amber list countries ‘may not face Covid checks’

Grant Shapps confirms new travel rules for double-jabbed people in England

It comes as the company revealed that it expected to fly up to 100 million passengers this financial year, having made a good recovery with summer bookings.

That said, the outcome depends on the vaccine rollout over summer as well as the possibility of more Covid variants.

"FY22 continues to be challenging, with Covid-19 travel restrictions prolonging uncertainty," Ryanair said.

"Following the 1st July rollout of EU digital Covid certificates (and the relaxation of the UK's quarantine rules) for fully-vaccinated persons, our group has seen Q2 bookings recover strongly (albeit at low fares).

"We believe that FY22 traffic has improved to a range of 90m to 100m (previously guided at the lower end of an 80m to 120m passenger range) and (cautiously) expect that the likely outcome for FY22 is somewhere between a small loss and breakeven.

"This is dependent on the continued rollout of vaccines this summer and no adverse Covid variant developments."

More Latest News

See more More Latest News

Amy Dowden said she was ‘heartbroken' as she left this year's Strictly Come Dancing

Amy Dowden says her ‘heart is breaking’ after she confirmed she will not return to Strictly

Anthony Scaramucci said the row between Trump and Labour would blow over

'Anglophile' Trump's row with Starmer will have 'no impact' on wider relations with UK, Anthony Scaramucci says

Nick Ferrari attends his first Trump rally in Pennsylvania as he meets the crowd in 'the poorest city in the United States'

Nick Ferrari attends his first Trump rally in Pennsylvania as he meets the crowd in 'the poorest city in the US'

Exclusive
Nick Ferrari bumps into Nigel Farage in Pennsylvania as he reflects on Trump's "remarkable" foreign policy achievements

Nick Ferrari bumps into Nigel Farage in Pennsylvania as he reflects on Trump's 'near-death' experience

Live
US Presidential Election 2024 LIVE: Millions of Americans head to the polls as election day arrives

US Presidential Election 2024 LIVE: Millions of Americans head to the polls in the final race for the White House

Proud Boys claim they will go to voting places as Trump repeats election fraud lies.

Proud Boys making plans to mobilise as Trump repeats election fraud lies

File photo of a real NHS dentist

Desperate Brits fall for scam 'fake NHS dentists' amid years-long waits for appointments

The Kremlin is suspected of plotting the attack

'Parcel bombs' that blew up in warehouse were 'rehearsal' for Russian explosion attack on flight to US

Keir Starmer is not set to ban smoking in pub gardens, contrary to earlier reports

Cigarettes will not be banned in pub gardens under new Labour plan create 'smoke-free generation'

Former President Donald Trump speaks at a campaign rally in Reading, Pennsylvania

Trump threatens Mexico with 100% tariffs unless it cracks down on border crossings

Bridget Phillipson told Tonight with Andrew Marr that the fee hike was necessary to secure the future of universities.

‘Universities must reform’ says education secretary after first hike in tuition fees in 8 years

Two more cases of a new strain of mpox have been detected in the UK, officials say

Two more cases of new mpox strain detected in UK

Anya Taylor-Joy and her musician husband were the victims of a terrifying robbery

Anya Taylor-Joy and musician husband victims of burglary at London mansion

Exclusive
Nigel Farage speaking to LBC's Nick Ferrari about new Tory leader Kemi Badenoch

'The Remainers are back in town': Nigel Farage says Kemi Badenoch will bring 'no change whatsoever' to Tories

Amy Dowden

Strictly Come Dancing star Amy Dowden will not return to show this year following 'medical emergency'

Scott Paterson murdered his landlady Annette Smith

Tenant murdered and dismembered elderly landlady before posing as her by sending Christmas cards to family