Ryanair’s loss narrows, cautions bookings may be disrupted by war in Ukraine

Ryanair issued a guardedly optimistic outlook for the vital summer season, cautioning that a strong bookings trend could still be disrupted by a number of factors including Russia’s invasion of Ukraine. Picture: BLOOMBERG

“We expect pricing to be slightly down in the first quarter, we’re pricing down to get our planes full again,” CEO Michael O’Leary told Bloomberg Television. “We’re seeing a very strong recovery into the summer, but I’d be very cautious on next winter for the moment.” CFO Neil Sorahan said in a separate interview that it’s too early to include a number in official guidance, with so many unknowns and no visibility over bookings next winter, the company’s fiscal second half.Ryanair expects to receive a further 55 Boeing 737 Max jets during its traditional low season, having taken 70 for the summer, swelling capacity at a time when rising energy costs and other price pressures are likely to hit household spending.

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