Ryanair slashes annual net loss to 355 mn euros

Ryanair slashes annual net loss to 355 mn euros
Monday 16 May 2022 - 09:37

Irish no-frills carrier Ryanair on Monday announced a large reduction in annual net losses as the aviation sector recovered from pandemic lockdowns.

Loss after tax dropped to 355 million euros ($369 million) in the 12 months to the end of March, compared with a net loss of 1.0 billion euros in its previous financial year.

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