Ryanair Lost 185 Million Euros in Q1, Fears Second Wave in Autumn

Ryanair Lost 185 Million Euros in Q1, Fears Second Wave in Autumn
A Ryanair plane lands at Dublin Airport in Ireland on Sept. 21, 2017. Paul Faith/AFP via Getty Images
Updated:

Dublin-based budget airline Ryanair Holdings Plc made a loss of 185 million euros ($215.6 million) in the first three months of the financial year, as 99 percent of flights were grounded during the period because of the CCP virus pandemic, the airline announced on Monday.

While the number of flights are gradually returning to normal schedule, the biggest fear is a second wave of the virus in the autumn, the group said.