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Ryanair blames EU vaccine programme in gloomy trading update

The slow progress of the vaccination programme in Europe and continuing travel restrictions will leave Ryanair struggling to make a profit in the coming year, the airline warned yesterday.Despite a

The slow progress of the vaccination programme in Europe and continuing travel restrictions will leave Ryanair struggling to make a profit in the coming year, the airline warned yesterday.

Despite a consensus City forecast that the carrier should be able to make a net profit of about €280 million in the year to March 2022, Ryanair said that it did “not share the optimism of certain analysts” and that it expected the outcome to be “close to break-even”, with passenger numbers at the lower end of previous guidance.

The bearish outlook for the year came despite Ryanair saying that it would make slightly lower losses than had been feared in the year to March 2021. It expects to report a net loss before exceptional items

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