Passenger jets operated by Ryanair Holdings stand on the tarmac at London Stansted Airport in Stansted, UK on May 1, 2020.

Chris Ratcliffe | Bloomberg | Getty Images

LONDON – Ryanair reported a net loss of 815 million euros ($ 989 million) for the full year on Monday Covid-19 Traffic decreased by 81% due to restrictions.

According to Refinitiv, analysts had forecast a net loss of 933 million euros for the twelve months that ended in March.

The low-cost airline said the new fiscal year “continues to be challenging, with uncertainty about when and where Covid bans and travel restrictions will be eased”.

This is a breaking news item that will be updated.