Crash loss for Ryanair during the corona crisis

The Irish airline reports a net loss of EUR 185 million, corresponding to approximately SEK 1.9 billion, for the period April – June, which is the first quarter of the company's financial year. This can be compared with the profit of EUR 243 million in the corresponding period last year.

Revenue fell by 95 percent to 125 million euros and the number of passengers plummeted by 99 percent - only half a million people flew with Ryanair during the period.

In the interim report, the company writes that the past quarter as a result of the corona pandemic was the most challenging in Ryanair's 35-year history.

But at the end of June, Ryanair was able to start resuming flights and they are expected to increase gradually over the next few months from 40 percent of the normal level in July to 60 percent in August and - hopefully, the company writes - 70 percent in September. Full-year passenger traffic is expected to decrease by 60 percent to 60 million people.

In the report, Ryanair also takes the opportunity to criticize the "illegal state aid" that a number of EU governments have directed at national airlines, including support for Swedish SAS.