Ryanair cuts fares as losses set to top £85m
Daily Express|November 02, 2021
RYANAIR is slashing fares to fill flights this winter as it faces heavier than expected losses of up to £170million.
Graham Hiscott
Ryanair cuts fares as losses set to top £85m

The budget airline yesterday reported a recovery in passenger numbers as Covid travel curbs are eased.

And ambitious bosses raised a longer-term target to carry 225 million passengers a year by 2026 from 220 million.

But in the short term, the firm said it was taking a financial hit just to fill planes over the winter months.

That is good for passengers looking for cheap fares to travel to Europe but bad for airlines’ profit margins.

This story is from the November 02, 2021 edition of Daily Express.

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This story is from the November 02, 2021 edition of Daily Express.

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