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Ryanair sees annual loss near the middle of forecast range -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO. Ryanair Chief Executive Michael O’Leary talks during a Reuters Newsmaker Event in London on October 1, 2019. REUTERS/Peter Nicholls

BRUSSELS (Reuters] – Ryanair believes its losses for the current year will fall around the middle range of the forecasted range. It is in a good position for next year, depending on traffic recovery as well as fares.

When asked by Reuters about Ryanair’s losses forecast for 250-450 Million Euros in 2013, CEO Michael O’Leary said that he believed the company would be “somewhere between the middle and the top of this range”.

When asked if a year ending March 2023 would see profits of 1.5 billion Euros, he replied that there was a possibility. However pricing is key. “I mean that our costs for the next twelve months are fairly robust.”

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