Ryanair Braces for Deepening Losses From New Lockdowns
- Low-cost giant says earnings picture deteriorating further
- Latest measures to hit Thursday as U.K. implements new curbs
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Ryanair Holdings Plc said losses are set to worsen this winter as a new wave of coronavirus lockdowns frustrates attempts to bring back flights at Europe’s biggest discount carrier.
The shortfall in the fiscal second half, which began on Oct. 1, is set to exceed the 197 million-euro ($229 million) loss of the first six months, Ryanair said in a statement Monday. By comparison, the Irish firm recorded a profit of 1.15 billion euros in summer 2019.