Ryanair: Quarantines Will Reduce Airline Traffic
Irish airline Ryanair warned that the quarantines applied under the pandemic will reduce airline traffic. Ryanair stated that quarantines in Europe will reduce traffic this year.
Ireland-based airline Ryanair noted that travel restrictions imposed due to the coronavirus pandemic and the slow pace of the vaccination process will delay the industry’s recovery this year and will be a challenging year in terms of profitability. In the statement made by Ryanair on the subject, it was estimated that the passenger traffic will be between 80 and 120 million in the fiscal year starting this month.
Europe’s leading airline has lobbied in the UK and Ireland to relax travel restrictions. In his statement yesterday, British Prime Minister Boris Johnson stated that the issue of lifting the travel restriction on May 17, which was previously determined, has not yet been clarified.
Ryanair CEO Michael O’Leary said in his speech on March 24 that he expected a rapid return in air traffic this summer and that they could reach 50 percent of their target program at the beginning of the summer. In its statement today, Ryanair estimated the loss for the year ending March 31 to be between 800 million and 850 million Euros.