Ryanair cuts passenger target and writes off winter travel market

Michael O’Leary expects pricing to be ‘aggressively down’ as Covid-19 hits aviation

Ryanair has cut its annual passenger target to 50 million, a reduction of 10 million, as Europe’s biggest carrier expects the winter travel market to be a “write-off”.

Ryanair’s previous forecast in July was that it would carry 60 million passengers in the year to the end of March 2021. That was a 20 million reduction on May’s forecast of 80 million, with rising coronavirus case numbers and changing travel restrictions wreaking havoc on customer confidence.

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