Ryanair Holdings PLC RYANAIR LOWERS FULL YEAR GUIDANCE (5487W)
22 Dicembre 2021 - 06:24PM
UK Regulatory
TIDM0RYA
RNS Number : 5487W
Ryanair Holdings PLC
22 December 2021
RYANAIR LOWERS F.Y. GUIDANCE AS OMICRON VARIANT WEAKENS
CHRISTMAS TRAFFIC. JANUARY CAPACITY IS CUT BY 33%.
The Board of Ryanair Holdings plc today, (22 December) announced
that it was lowering its full Year Guidance from a previous Net
Loss range of between EUR100m to EUR200m, as the Omicron Covid
variant and recent Government travel restrictions across Europe
have notably weakened close-in Christmas & New Year bookings.
This sudden downturn has also caused Ryanair this week to cut its
planned January schedule capacity by 33%.
The impact of these recent Government travel restrictions, in
particular last weekend's ban on UK arrivals into France and
Germany, and the suspension of all EU flights to/from Morocco has
lowered Ryanair's expected December traffic from between 10m-11m,
to a lower range of between 9.0m-9.5m. In responding to these
restrictions, Ryanair has now cut its January capacity by 33%,
reducing its expected January traffic from approx. 10m to between
6m-7m. In light of the current uncertainty about the Omicron
variant, and intra Europe travel restrictions, no schedule cutbacks
have yet been decided for February or March 2022. These schedules
will be revisited in January as more scientific information becomes
available on the Omicron variant, its impact on hospitalisations,
European population and/or travel restrictions in February or
March.
As a result of these new Covid developments, it is now likely
that Ryanair's full year traffic forecast will be just under 100m
passengers (previously guided at just over 100m), and the expected
Net Loss for the full year (end 31 March 2022) is likely to be
within a new range of EUR250m to EUR450m. However, these figures
are hugely sensitive to any further positive or negative Covid news
flow. Ryanair hopes to have more clarity, especially on the impact
of Omicron on intra Europe travel restrictions, in time for its Q3
results on 31 January next.
ENDS
This announcement contains inside information.
For further info
please contact: Peter Larkin Piaras Kelly
Investor Relations Edelman Ireland
Ryanair Tel: +353-1-592 1330
Tel: +353-1-9451212 ryanair@edelman.com
press@ryanair.com
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END
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December 22, 2021 12:24 ET (17:24 GMT)
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