Aug 17, 2020
Ryanair cuts autumn capacity after European Covid-19 cases spike
Ryanair has slashed its flight schedule for the coming months after Europe's largest low-cost carrier warned bookings had "Noticeably weakened" following a rise in coronavirus cases across many parts of Europe. "Forward bookings have notably weakened over the last 10 days, given uncertainty over recent Covid case rates in some EU countries," Ryanair said on Monday. Ryanair had previously guided that it hoped to run 70 per cent of its normal schedule in September, more than some low-cost rivals including easyJet. Michael O'Leary, chief executive, has said that a second wave of Covid-19 infections in the autumn is his biggest worry, and the disruption to his airline's business has come even sooner than feared. Shares in Ryanair led European airlines lower following the news, falling nearly 5 per cent.
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