Ryanair remains confident after posting record losses

In a time when airlines are suffering from unprecedented travel restrictions, Ryanair remains confident that the European air travel industry will recover by summer. They reported record losses of €321M this quarter and warned it could show losses of up to €950M for the year.

Despite this, Ryanair stocks (RYA.L) have already rallied to pre-pandemic levels and have the potential to rise further. CEO Michael O’Leary has outlined an aggressive strategy where they have ordered 210 new Boeing 737 aircraft for delivery over the next 5 years and plan to increase their presence at airports around […]