Ryanair says passenger numbers set to halve – BBC News

Ryanair plane

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Reuters

Ryanair has mentioned it expects passenger numbers to halve within the present monetary yr because the coronavirus disaster continues to blight air journey.

The airline mentioned it anticipated numbers to fall beneath 80 million, down from its authentic goal of 154 million.

But it surely mentioned it might climate the pandemic and emerge stronger.

Chief government Michael O’Leary mentioned Ryanair nonetheless deliberate to ramp up flights in July and mentioned UK authorities quarantine plans have been “idiotic”.

The prediction of decrease passenger numbers got here as Ryanair introduced earnings of simply over €1bn (£894bn) for the monetary yr to the top of March.

The airline’s revenue was 13% up on the earlier yr’s determine of €885m.

Ryanair is ready to chop 3,000 jobs – 15% of its workforce – because it restructures to deal with the coronavirus disaster.

‘Tough’ yr forward

Chief government Michael O’Leary informed the BBC’s At this time programme that Ryanair nonetheless supposed to restart giant numbers of flights from July, regardless of authorities plans to introduce a 14-day quarantine for individuals arriving within the UK, together with returning holidaymakers.

Mr O’Leary repeated his criticism of the quarantine plan, saying: “It is idiotic and it is un-implementable. You do not have sufficient police within the UK.”

He mentioned the coverage had “no credibility” and predicted that it might be passed by June.

Ryanair mentioned 2021 can be a “troublesome” yr because it labored onerous to return to scheduled flying.

But it surely mentioned its stability sheet was one of many strongest within the business, with money reserves of greater than €4bn.

“Not like many flag provider opponents, Ryanair won’t request or obtain state support,” it added.

Ryanair mentioned it couldn’t present any revenue steerage for the present monetary yr, however it anticipated to report a lack of greater than €200m within the April-to-June interval.

“As we glance past the subsequent yr, there shall be important alternatives for Ryanair’s low-cost progress mannequin as opponents shrink, fail or are acquired by authorities bailed-out carriers,” it mentioned.

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