Ryanair: Signs of summer travel rebound

Sun Online Desk

17th May, 2021 02:20:14 PM printer

Ryanair: Signs of summer travel rebound

 

Ryanair boss Michael O'Leary says he is seeing the start of a strong rebound for travel as the easing of lockdown releases pent-up demand.

Europe's biggest budget airline revealed the scale of the coronavirus collapse in travel - an €815m (£702m) loss and traffic down 81% in the year to March on the previous 12 months.

But Mr O'Leary said there were signs the "recovery has already begun".

Bookings are up from 500,000 a week in early April to 1.5 million a week now.

And he predicted that after "most European populations are vaccinated by September", the airline should see a particularly strong recovery in October to March, the second half of its financial year.

Ryanair's annual €815m loss was slightly better than an €834m loss forecast by many analysts.

(BBC)


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