Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Ryanair sees Omicron hit to December, January capacity

Published 16/12/2021, 07:16
© Reuters. FILE PHOTO: A Ryanair Boeing 737-800 airplane takes off from the airport in Palma de Mallorca, Spain, July 29, 2018. Picture taken July 29, 2018.  REUTERS/Paul Hanna/File Photo
RYAAY
-

DUBLIN (Reuters) - Ryanair (LON:RYA) expects to fly around 10% fewer passengers in December and January due to customer concerns around the Omicron variant of COVID-19, Group Chief Executive Michael O'Leary told the Guardian newspaper in an interview.

The airline expects to fly about 10 million people in December rather than the forecast 11 million, and plans to cut about 10% of its capacity in January, the newspaper quoted O'Leary as saying.

"Where it's really hit us has been the early weeks of December, bookings in and out of Ireland and the UK … The rest of the continent is still travelling for business and for leisure," O'Leary said, describing Christmas as "well booked".

"The panic is largely confined to the UK and Ireland. Across the continent there's been a much more reasoned approach" to Omicron, O'Leary said.

Latest comments

the island of Britannia has departed from the mainland and flows towards the Black Hole
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.