Irish airline Ryanair reported a profit for the third quarter of this year. For the first time since the onset of a coronavirus pandemic. For the whole year, however, it will be at a deeper loss than originally expected.
From July to September this year, Ryanair earned 225 million euros. This is the first quarter of Irish airlines to profit since the outbreak of a coronavirus pandemic, which has literally crushed the global aviation industry. However, for the whole of this year, Ryanair estimates that it will end up in a loss of between 100 and 200 million euros. Initially, however, the airlines expected a slight loss or even zero profit.
For next year, however, Ryanair expects to make a full-year profit. He is said to have booked flights for next summer at prices that are about five percent higher than in 2019, Ryanair CEO Michal O’Leary said at a press conference on the quarterly results.
The head of the German Lufthansa, Carsten Spohr, also recently confirmed that the business is reviving by air. In an interview with the Austrian daily Kleine Zeitung, he said that air transport is recovering faster than originally expected. It is said that there is still a long way to go to its full restoration.
