July 27, 2020

Ryanair dives into first-quarter loss on virus fallout

London (AFP) – Irish no-frills airline Ryanair nosedived into the red in the first quarter, as the coronavirus pandemic decimated air travel demand and grounded fleets worldwide, the group said Monday.Dublin-based Ryanair suffered a loss after taxation of 185 million euros ($216 million) in the three months to the end of June, or first quarter of its financial year, compared with net profit of 243 million euros in the same part of 2019, it said in a statement.¬†Passenger numbers fell by 99 percent to just 0.5 million people compared with 42 million a year earlier, while more than 99 percent of …

source https://this.kiji.is/en/660357121263125601?c=648607265489716321

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