Ryanair reiterated its loss forecast for the full financial year, which ends on March 31, at between € 250 million and € 450 million. The Irish low-cost airline has seen an improvement in the number of bookings, as the Omicron mutation has not been excessive, but the outlook for airlines remains very uncertain. CEO Michael O'Leary said fourth-quarter traffic required significant price stimulus at lower prices.

Competitors of Ryanair, EasyJet and Wizz anticipate strong demand for summer holidays. However Ryanair CFO Neil Sorahan fears that the fact that so many rivals are reducing their capacity compared to pre-COVID levels means there will be upward pressure on prices.