The war bulletin of the airlines continues. After Easyjet, which announced a -88% drop in turnover last week, are also arriving Ryanar accounts, which will close 2020 with the worst result in its history. Translated into numbers, according to estimates last year the Irish company recorded a loss of between 850 and 950 million of dollars.
Due to travel restrictions imposed by Governments to contain the spread of Covid-19 infections, Ryanair aircraft carried just 8,1 million passengers in the third quarter of the fiscal year (postponed), 78% less than of the same period of the previous year. The turnover collapsed by 82% to 340 million euros, while the quarterly loss it amounts to 306 million compared to a profit of 88 million archived the previous year. La cash as at 31 December 2020 it was equal to 3,5 billion euros.
“We had hoped that things might improve in the third quarter, but in the week before Christmas, the emergence of British and South African variants it has led to severe restrictions,” explained Michael O'Leary, founder and CEO of the group. “2021 will continue to be the busiest year in Ryanair's 35-year historyRyanair continued, predicting that “travel restrictions across the EU and UK will ease traffic forecast for the end of the year between 26 and 30 million (previously it was expected "up to 35 million"), with a greater probability that the lower end of the range will be touched". Based on these projections, Ryanair anticipates a prudential loss estimate of between €850m and €950m.
“As we look beyond the Covid-19 crisis and the rollout of vaccinations” – it says – the Ryanair group remains focused on a reduction of costs and on maintaining a solid balance sheet, which will allow it to tick lower rates and add low-cost aircraft in view of the restart of traffic.
ALSO READ: Tourism in the abyss: 2020 billion lost in 1.300.
