Ryanair prepares price cuts as it warns of ‘hugely uncertain’ financial outlook

Irish airline made loss of 96m in last three months of 2021 but plans more flights than before pandemic

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Ryanair is preparing to slash prices to lure customers back on to its planes before the spring, as it warned of a hugely uncertain" financial outlook.

The Irish-listed carrier said media hysteria" over the Omicron variant had worsened its losses in the last quarter of 2021 and shareholders could expect further disruption from Covid, although it was gearing up to run more flights overall this summer than before the coronavirus pandemic struck.