Omicron prompts Ryanair to cut January capacity and double full-year loss forecast

Ryanair

Source: Silviu Alexandru@shutterstock.com

Irish low-cost carrier Ryanair has deepened its full-year net loss expectation to between €250 million ($282 million) and €450 million as a result of a sharp drop in demand because of fresh travel restrictions prompted by the emergence of the Omicron variant.

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