Ryanair has reported yearly losses of €355m.
However it says passengers numbers are up from 27.5 million in the year to March 2021 to 97.1 million in the year to this March, but that's still 35% behind pre-covid figures.
The airline also says average fares fell by 27% to just under 27 euro because of covid and the war in Ukraine.
Chief Financial Officer at Ryanair - Neil Sorahan - says the airline is seeing a good recovery.
"We're already operating at 115% to pre COVID levels.
"So I think we've got the strongest schedule of any airline in Europe this summer. Most airlines are not back to pre Covid positions yet, whereas Ryanair continues to grow.
"We posted 14.1m passengers last month with a 91% load factor.
"We've seen a good recovery and we continue to grow traffic."
