Stock Market News
Ryanair narrows full-year loss forecast, increases fuel hedging
2022.04.04 09:30
FILE PHOTO: General view of the Ryanair logo at their headquarters in Dublin, Ireland, September 16, 2021. REUTERS/Clodagh Kilcoyne
DUBLIN (Reuters) – Ireland’s Ryanair narrowed the range for its forecast annual loss on Monday, saying it expects a net loss between 350 million euros and 400 million euros ($386 million to $441 million) for the year to March 31, 2022.
Europe’s largest low-cost carrier had previously guided the market to a loss of between 250 million euros and 450 million euros.
The airline also said it has increased its fuel hedging to 80% cover for 2023.
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