Ryanair faces record annual loss as Covid-19 decimates the travel industry – TheLiberal.ie – Our News, Your Views



Ryanair faces record annual loss as Covid-19 decimates the travel industry




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Budget airline Ryanair is facing a record annual loss, as Covid-19 decimates the travel industry.

According to a financial statement released, the company is set to lose almost €1bn in the current fiscal year, the largest loss in Ryanair’s history by far.

A Ryanair spokesperson said that the company’s cash reserves are still strong, at around €3.5bn after the projected loss.

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