Ryanair CEO expecting 10% bookings decrease in Apr/May-2020

    Ryanair CEO Michael O’Leary said the company is forecasting a 10% year-on-year decrease in bookings for Apr/May-2020 due to the coronavirus outbreak, equating to a roughly two million passenger decrease over the period (Reuters, 03-Mar-2020). He argued “that will be about the extent of it”, noting by summer 2020 season the situation is expected to stabilise and the “hysteria about the spread of the COVID virus will have calmed down again”.