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Ryanair reports €197m loss

Coronavirus

Ryanair reports €197m loss

Rebecca Noonan
Rebecca Noonan

09:20 2 Nov 2020


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Ryanair says its future in Ireland will remain unclear unless the Government has a constructive approach to aviation.

The airline has seen an 80% drop in passenger numbers to the end of September, compared with the same time last year.

There was a loss for the business of €197 million for the same time frame - compared with a profit of over €1 billion last year.

Last week the airline confirmed it will be pulling all of its Cork flights until December

Chief Financial Officer with Ryanair, Neil Sorahan, says they’re doing their best to keep their numbers as strong as possible.

"We came into this crisis with the lowest cost base of any airline in Europe.

"We've done a huge amount of work to restructure the cost base that will come out of this crisis, with an even better cost base than any other airline in Europe."


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