O’Leary blasts EU on vaccinations as Ryanair warns of potential €1bn loss

Ryanair CE Michael O’Leary called on the EU to “get its act together” on vaccinations as the airline warned it was facing an annual loss of nearly E1b because of travel restrictions. The boss of Europe’s biggest low-cost carrier said he was hopeful for a “strong recovery” in passenger numbers this year, but European governments need to “catch up” with the UK, which has administered nearly 10m vaccine doses. “Europe sadly is lagging behind . . . that to us is not acceptable. Europe needs to get its act together,” O’Leary said Monday in comments alongside the airline’s results. But despite the uncertainty, O'Leary was confident the airline would benefit from a sharp recovery in travel this summer. “We expect to see a very strong return of British families travelling to the beaches of Spain, Portugal, Italy and Greece in relative safety this summer,” he said. <br/>
Financial Times
https://www.ft.com/content/ee27f478-5e7e-40ad-b374-278e21809198
2/1/21