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The Guardian - UK
The Guardian - UK
Business
Jasper Jollyand Gwyn Topham

Ryanair prepares price cuts as it warns of ‘hugely uncertain’ financial outlook

A Ryanair Boeing 737 Max 8 aircraft landing at Eindhoven airport
Ryanair blamed ‘media hysteria’ over the Omicron variant for missing its December target of 11m passengers, instead carrying 9.5m. Photograph: Nicolas Economou/NurPhoto/Rex/Shutterstock

Ryanair is preparing to slash prices to lure customers back on to its planes before the spring, as it warned of a “hugely uncertain” financial outlook.

The Irish-listed carrier said “media hysteria” over the Omicron variant had worsened its losses in the last quarter of 2021 and shareholders could expect further disruption from Covid, although it was gearing up to run more flights overall this summer than before the coronavirus pandemic struck.

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