Ryanair Reports Annual Loss Of €355m With Effects Of Pandemic Still Being Felt

Mullingar's Michael O'Leary has been sharing his thoughts on the year ahead.

Ryanair has seen reduced losses of €355 million in the year to March as it continued to grapple with the fallout from the Covid-19 pandemic.

Passenger numbers are also still slightly below pre-pandemic levels. 

Numbers are up from 27.5 million in the year to March 2021 to 97.1 million in the year to this March - but that's still 35% behind pre-covid figures. 

The airline also says average fares fell by 27% to just under €27 because of covid and the war in Ukraine. 

CEO, Mullingar's Michael O'Leary says he's confident this will pick up over the summer - but warns that ongoing uncertainty is threatening the coming months:

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