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Ryanair Cuts Full-Year Traffic Forecast from 35 to 26 Million for 2021 Due to Covid-19 Pandemic
News 18Europe’s largest budget airline Ryanair said that it has cut its full-year traffic forecast for the fiscal year 2021 from below 35 million to between 26 million and 30 million, largely due to the recently announced Covid-19 lockdowns in Ireland and Britain. The newly announced lockdowns and travel restrictions, in addition to a few other European Union countries this week, will materially reduce its flight schedules and traffic forecast in the first quarter of this year, the Dublin-based airline said in a statement on Thursday. Ryanair said it now expects that its January traffic will fall below 1.25 million passengers and its February and March traffic numbers could drop to as little as half a million respectively, reports Xinhua news agency. These flight cuts and further traffic reductions will not materially affect Ryanair’s net loss for the current fiscal year ending on March 31, 2021 as many of these flights would have been loss making, it said.
History of this topic
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Ryanair to Cut September, October Flight Capacity by 20% on Weak Bookings
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