Ryanair to cut winter capacity to 40% of last year

Ryanair, Europe’s largest airline, announced to further cut its flight schedule between November and March to 40% of the previous year's capacity due to increased flight restrictions in the European Union amid the coronavirus pandemic. "We have continued to flex our capacity in Sept & Oct to reflect both market conditions and changing Government restrictions, with the objective of sustaining a 70% load factor, which allows us operate as close to breakeven as possible and minimise cash burn. While the Covid situation remains fluid and hard to predict, we must now cut our full year traffic forecast to 38m guests.", said the Ryanair's Group CEO Michael O'Leary