Ryanair is expecting to fly 100 million passengers during this financial year after a surge in summer bookings in recent weeks, although it warned that it does not expect to make a profit this year.
The Irish airline increased its passenger forecast to 90-100 million for the 12 months to the end of March 2022, thanks to the coronavirus vaccination programme and the easing of some travel restrictions.
It expects to carry larger numbers of passengers over the summer, almost doubling from 5 million in June to almost 9 million in July, and reaching 10 million in August, provided there are no further setbacks as a result of Covid-19.
However, the company cautioned that it expected to make a small loss or to just break even during the year to March, as it reported that it remained in the red in first quarter of the financial year.
Ryanair reported a … Read more