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Ryanair doubles annual loss forecast
Ryanair has been hit with a ‘downturn’ in Christmas bookings prompting it to revise a profit warning. It expects annual losses to more than double compared to previous guidance.
It expects annual losses of €250-450m for the year to March. The airline has seen ‘notably weakened’ bookings for New Year, due to fresh travel curbs across Europe spurred by the rapid spread of the Omicron variant.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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