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Ryanair more than doubles annual loss forecast over Omicron
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Ryanair has more than doubled its annual loss forecast and cut its January traffic estimate by one-third in response to travel restrictions imposed after the emergence of the Omicron variant.
The Irish airline, Europe’s largest by passenger numbers, said it expected a net loss of between €250m (£212m) and €450m in the year to the end of March. That compares with a previous forecast of a loss of €100m–€200m.
The airline cut its December passenger forecast range to 9 million–9.5 million, down from
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