Dublin-based group, which is considering delisting from the London Stock Exchange, expects to post a full-year loss
A Ryanair plane takes off from Manchester Airport on June 21, 2020. Picture: REUTERS/Phil NobleRyanair Holdings posted its first quarterly profit since the start of the Covid-19 pandemic while saying it will need to cut fares over the winter to sustain the recovery.
“I think break even is unlikely this year,” CEO Michael O’Leary told Bloomberg Television. “I’m really focused on next year.” Ryanair in December banned non-EU citizens including Britons from buying its ordinary shares and eliminated the voting rights of holders. In September, it forced the sale of 1-million shares purchased since the break-up out of compliance with its ownership rules.
The carrier now expects to carry up to 103-million passengers this year, after previously forecasting no more than 100-million, Sorahan said.
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