Ryanair Widens Fiscal Year 2022 Net Loss Guidance, Cuts December Traffic Forecasts
22 Dicembre 2021 - 07:13PM
Dow Jones News
By Joe Hoppe
Ryanair Holdings PLC said Wednesday that it has widened its
expected net loss for fiscal 2022 and cut its December passenger
forecasts, due to the Omicron coronavirus variant and government
restrictions weakening bookings.
The low-cost carrier said it has lowered its net loss guidance
for the year ending March 31 to be in the range of 250 million
euros to 450 million euros ($282.2 million-$507.9 million), from a
previous range of net losses of EUR100 million to EUR200 million.
It noted that guidance is sensitive to coronavirus news, whether
positive or negative.
The company said recent government travel
restrictions--particularly last weekend's ban on U.K. visitors to
France and Germany, and the suspension of all European Union
flights to and from Morocco--have led it to lower its expected
December traffic to a range of 9 million to 9.5 million, from 10
million to 11 million.
The company also cut its January capacity by 33%, reducing its
expected January passenger numbers to a range of 6 million to 7
million from around 10 million.
Ryanair said no schedule cutbacks have been decided yet for
February or March, a stance that will be revisited in January as
more information becomes available.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
December 22, 2021 12:58 ET (17:58 GMT)
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