3rd Jun 2020 08:19
(Alliance News) - Irish budget airline Ryanair Holdings PLC on Wednesday reported practically no passenger traffic in May amid travel restrictions caused by Covid-19, saying it expects little to change in June.
Ryanair said traffic in May dropped by 99.5% to just 70,000 passengers versus the 14.1 million passengers it carried a year earlier, as Covid-19 airspace closures continue to hurt its operations.
Ryanair said it operated just 701 scheduled flights in May, including a number of rescue and medical flights on behalf of various EU governments, versus its budgeted schedule of 70,000 flights.
Going forward, Ryanair said it expects minimal traffic in June, due to multiple EU government flight bans and restrictions.
On a rolling annual basis to May, the company said it carried 121.0 million passengers, down 17% from 145.8 million a year prior.
Ryanair shares were trading 0.8% higher in London early on Wednesday at EUR12.12 each.
By Evelina Grecenko; [email protected]
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