31 March, 2022

Ryanair expects €300 million losses this year

The chief executive of budget airline Ryanair has said he expects the airline to have losses of around €300 million at the end of this year, given the current situation and traffic predictions.  Michael O'Leary told news agency Reuters "We will be in the middle of that range" whilst at the Airlines 4 Europe conference today.

The Irishman also said the airline was considering dropping plans to buy the 737 MAX 10 aircraft after a public spat with the U.S. planemaker Boeing over the price. However, he confirmed that a meeting scheduled for next month with Boeing would still take place.