WASHINGTON (Bloomberg) - Ryanair Holdings Plc posted a record annual loss, while saying it’s likely to break even this year as vaccination programs allow a gradual easing of coronavirus travel curbs.
Bookings have increased significantly in recent weeks, pointing to a strong recovery in the second half, although forward visibility remains “close to zero,” the Irish company said in a statement Monday. That’s made it impossible to provide more meaningful financial guidance.
Europe’s biggest discount carrier is counting on lockdown-weary travelers flocking to the beach as U.K. curbs ease, starting with Portugal. Even if the revival transpires, Ryanair reiterated that traffic will remain at the lower end of an 80 million to 120 million passenger range for the year ending next March. Clusters of a more transmissible variant of Covid-19 that’s fed an Indian outbreak also pose fresh risks for the U.K. plan.