Ryanair sees annual loss near midpoint of forecast range

BRUSSELS, March 31 (Reuters)Ryanair RYA.I forecasts its loss for the just-ended fiscal year toward the middle of its forecast range and is well positioned for next year based on traffic and pricing recovery, its chief executive said Thursday.

Asked on the sidelines of an A4E airlines conference about Ryanair’s forecast losses of €250-450 million for the year to March 31, CEO Michael O’Leary told Reuters: “We believe that we’ll be somewhere in the middle of that range.”

Asked if the year to the end of March 2023 could see a return to pre-pandemic profits of around 1.5 billion euros, he replied: “There is a chance, but it all comes down to pricing. I mean, our costs are certainly reasonably robust for the next 12 months.”

(Reporting by Tim Hepher; editing by Jason Neely)

((tim.hepher@thomsonreuters.com; +33 1 49 49 54 52; Reuters Messaging: tim.hepher.thomsonreuters@reuters.net))

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