Ryanair more than doubles annual loss forecast over Omicron impact

Ryanair blamed last weekend's ban on British arrivals into France and Germany, and the suspension of all EU flights to and from Morocco for the drop in its passenger forecast

Ryanair now expects losses of between €100m and €200m in its current financial year due to the impact of additional Covid restrictions on European travel. 

Ryanair has more than doubled its annual loss forecast and cut its January traffic estimate by 33% due to travel restrictions imposed in the wake of the emergence of the Omicron variant of Covid-19.

The airline, Europe's largest by passenger numbers, said it expects a net loss of between €250m and €450m in the 12 months to the end of March. That compares with a previous forecast of a loss of between €100m and €200m.