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Ryanair is ‘essentially’ writing off its business until Europe can improve its COVID vaccine rollout

February 1, 2021

Via: Fortune
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Ryanair Holdings Plc. is counting on a rapid rollout of coronavirus vaccines to deliver a late-summer travel surge and help the low-cost carrier recover from an annual loss that could reach 950 million euros ($1.1 billion).

While Easter is “essentially a writeoff,” the passenger tally may rebound to between 50% and 70% of normal levels in the peak months of July through September as more people get the jab, Chief Executive Officer Michael O’Leary said in an interview Monday.

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