Tough time: Passenger aircraft operated by Ryanair stands on the tarmac at London Stansted Airport. Ryanair kicked off earnings season for European carriers yesterday by posting a loss for the June quarter. — Bloomberg
LONDON: Ryanair Holdings Plc issued a stark assessment of the threat to airlines as they seek to rebound from the coronavirus crisis, saying it’s concerned that a series of local lockdowns followed by a second wave of infection will hold back the recovery from the pandemic.
Ryanair kicked off earnings season for European carriers yesterday by posting a loss for the June quarter and saying it would lose money through the rest of the summer. While the restart of flights presents opportunities, the discount giant said it’s worried the virus could continue to roil demand for months to come.
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