Ryanair posts record loss, expects to break even this year

Ryanair posted a loss of 815 million euros ($989 million) for the year ended March 31, compared with profit of 1 billion euros the prior year.

DUBLIN: Ryanair Holdings Plc posted a record annual loss, while saying it’s likely to break even this year as vaccination programs allow a gradual easing of coronavirus travel curbs.

Bookings have increased significantly in recent weeks, pointing to a strong recovery in the second half, although forward visibility remains "close to zero, ” the Irish company said in a statement Monday. That’s made it impossible to provide more meaningful financial guidance.