Ryanair lowers its full-year loss forecast and increases fuel coverage



The Ryanair logo at their headquarters in Dublin


© Archyde.com/CLODAGH KILCOYNE
The Ryanair logo at their headquarters in Dublin

DUBLIN, April 4 (Archyde.com) – Irish airline Ryanair lowered the range of its annual loss forecast on Monday, saying it expects a net loss of 350-400 million euros ($386-441 million) for the year until March 31, 2022.

Europe’s largest low-cost airline had previously targeted the market for a loss of between €250 million and €450 million.

The airline also said it has increased its fuel coverage to 80% by 2023.

(1 dollar = 0.9060 euros)

(Reporting by Graham Fahy; Editing by David Goodman; Translation by Flora Gómez)

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