Ryanair losses make headlines, as UK holiday makers resume getaways

Ryanair has reported a full year loss of €815 million – a sharp turnaround from a profit of €1bn in FY2020. Due to an 81% reduction in traffic and aircraft delivery delays, Ryanair says that it recorded a €200m ineffectiveness charge on fuel and currency hedges in FY21. The European low-cost carrier suffered a loss of 81% of traffic during its fiscal year to the end of March 2021, from 149 million passenger to just 27.5 million due to travel restrictions imposed in the wake of the COVID-19 pandemic. Passenger load factors fell from 95% in FY 2020 to 71% in the last