Ryanair 'writes off' winter cutting target by 10 million passengers

"We're hoping to see a vaccine emerge maybe in the first quarter of next year... but I think the winter of 2020 will essentially be a write-off," Michael O'Leary said.

Ryanair has cut its annual passenger target to 50 million passengers from a forecast of 60 million made in July as Covid-19 renders the winter a "write-off", Group Chief Executive Michael O'Leary said.

Europe's largest low-cost carrier, in July cut its passenger target to 60 million for the financial year to March 2021, from the 80 million it had forecast in May.