© Reuters. FILE PHOTO: General view of the Ryanair logo at their headquarters in Dublin, Ireland, September 16, 2021. REUTERS/Clodagh Kilcoyne
DUBLIN (Reuters) – Ireland’s Ryanair narrowed the range for its forecast annual loss on Monday, saying it expects a net loss between 350 million euros and 400 million euros ($386 million to $441 million) for the year to March 31, 2022.
Europe’s largest low-cost carrier had previously guided the market to a loss of between 250 million euros and 450 million euros.
The airline also said it has increased its fuel hedging to 80% cover for 2023.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.