Ryanair expects a 350 to 400 million Euros full-year loss

Ireland’s Ryanair narrowed the range for its forecast annual loss on Monday Apr. 4, saying it now expects a net loss between 350 million euros and 400 million euros ($386 million to $441 million) for the year to March 31, 2022.

Europe’s largest low-cost carrier had previously guided the market to a loss of between 250 million euros and 450 million euros.

Ryanair said it had flown 11.2 million people last month compared to just 0.5 million during lockdown a year ago and 10.9 million in March 2019, the first time it had carried more passengers in a given month than in the corresponding pre-pandemic period.