Ryanair loses 197 million in its first half from April to September due to the coronavirus pandemic

The Irish airline has grounded 99% of its planes during four months of the coronavirus pandemic

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The Irish low-cost airline Ryanair posted a net loss of 197 million euros in the first fiscal half (April-September), after keeping 99% of its planes grounded for four months due to the coronavirus pandemic .

In a statement sent to the London Stock Exchange, the company highlighted that the health crisis caused a 78% drop in its income compared to the previous fiscal year, reaching a turnover of 1,180 million euros.

Its air traffic also fell by 80% and carried 17 million passengers between April and September.

Ryanair indicated that it foresees a second semester with “record losses”, although it warned that it cannot make a forecast of results for the end of the fiscal period due to the “uncertainties” presented by covid-19.

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