Ryanair braces for more pandemic pain but CEO Michael O’Leary sees silver lining
O’Leary says leaner airline is in the best position to harness opportunities for growth likely to emerge from the pandemic
02 November 2020 - 18:41
Dublin — Ryanair recorded its first loss for the key summer period in 30 years as a result of the coronavirus crisis, which threatens to cut passenger numbers to half pre-pandemic levels in 2021.
But a stronger than expected balance sheet bolstered investor sentiment on Monday as Ryanair CEO Michael O’Leary said there had never been a more exciting opportunity for growth than that likely to emerge out of the pandemic...
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