Ryanair has reduced its loss forecast in respect of the 12 months to March 31 this year.
Ryanair has said it expects to report a loss of between €800m and €850m in its financial year 2021.
In February the airline said it expected to report a loss of between of between €850m and €950m for the period, in what it said would be “the most challenging year in Ryanair’s 35 year history.”
The Ryanair Group's full-year traffic was 27.5 million for the 12 months to March 31, down from 149 million in its financial year 2020, which ended at the early stages of Covid-19 restrictions across Europe.
The airline’s passenger numbers were impacted over the last 12 months by Covid-19 travel restrictions.
Year-end cash at 31 March was over €3.15bn, down from €3.5bn in December.
In a statement today the airline said Easter travel restrictions and a delayed traffic recovery into the peak summer season means that financial year 2022 traffic is likely to be towards the lower end of its previously guided range of 80 million to 120 million passengers.