Ryanair warns of ‘fragile’ recovery as Ukraine war and Covid push it to loss

Michael O'Leary says airline hopes to return to reasonable profitability' but declines to make forecasts

Ryanair has warned of a fragile" recovery in airline passenger numbers after Russia's invasion of Ukraine and the Omicron coronavirus variant pushed it to a 355m loss for the financial year.

The Irish airline would aim for a return to reasonable profitability" over the financial year to March 2023, it said on Monday, after it lost 1.4bn (1.2bn) during the first two pandemic-affected financial years.