Ryanair says recovery on way thanks to vaccines after plunging to €815m loss during Covid crisis

The airline said it had processed an “unprecedented backlog” of Covid customer queries and refunds.

A large number of passengers have also complained about difficulties over receiving full refunds from European airlines during the crisis. File Picture: Sasko Lazarov / RollingNews.ie

Ryanair said it is likely to break even in its new financial year as Europe starts to get fully vaccinated after the airline plunged to a loss of €815m during the Covid crisis.

Airlines were among the worst hit industries during the Covid pandemic and many companies in Europe required significant government bailouts, soft public loans, and government support schemes for their staff.