Ryanair expects passenger numbers to fall by nearly 50% this year

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Ryanair expects to lose €200 million in the first quarter of the year “due to a substantial decline in traffic and pricing” as a result of the Covid-19 pandemic.

In a statement released this morning, the low-cost carrier said the group is preparing to carry just 80 million passengers in its current fiscal year, down nearly 50% from its original target of 154 million.

Ryanair said that it “expects to operate less than 1% of its scheduled flying programme” in the first quarter, which covers April to June.

In the statement, Ryanair also repeated its commitment to refusing government rescue funding during the current crisis.