Ryanair reports H1 2020 loss

Ryanair Holdings has reported a first half 2020 loss of €197 million, compared to a H1 2019 profit of €1.15bn. Revenue fell by 78% to €1.18bn as traffic fell 80% from 86 million a year ago to 17 million in the reporting period. Ryanair’s load factor was 72% as of the end September 2020. With almost zero Q1 traffic, the vast majority of H1 revenue was earned in Q2.  Ancillary revenue performed strongly as more guests chose priority boarding and reserved seating, reports the airline. During the period, Ryanair grounded 99% of its fleet from mid-March to end June, returning