RYANAIR FY20 PROFITS REMAIN WITHIN LOWER END OF GUIDANCE RANGE STRONG BALANCE SHEET AND LIQUIDITY CO

Ryanair Holdings plc today (3 April) advised shareholders that it expects to report pre-exceptional FY20 (yr. end 31 March 2020) Profit After Tax of between €950m and €1,000m, which is at the lower end of its previously announced guidance range. This is due to the response of EU Governments to the spread of the Covid-19 virus, which have since mid-March included widespread flight bans and travel restrictions which have closed Europe's skies to all but a tiny number of rescue and medical flights. The Ryanair Group saw traffic in March fall by 48% from 10.9m guests in 2019 to 5.7m guests in 2020. This caused full-year traffic to rise just 4% to 149m, compared to the 154m figure that Ryanair was on track to achieve, even as late as early March.