Ryanair reports €185M Q1 loss with traffic down 99% 

The first quarter of 2020 was “the most challenging in Ryanair’s 35 year history”, the LCC said as it reported a first quarter loss of £185 million on the back of a 99% drop in passenger numbers with further bad news expected. “At this time, the Ryanair expects FY21 traffic to fall by 60% to just 60m.  The COVID 19 crisis has already seen the closure of various EU airlines including Flybe, Germanwings, Level and Sun Express.” The carrier used its result announcement to resume its criticism of “illegal” state aid that has been provided to a number of European carriers