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Ryanair warns travel could be subdued for 2-3 years due to coronavirus
Ryanair said Monday that the COVID-19 pandemic has wreaked havoc on its earnings, with lockdown restrictions leading to a 99% drop in passengers in the first quarter, and warned travel is likely to remain subdued for years.The airline, which grew in recent years to become the region’s busiest carrier, says the quarter was the “most challenging” in its history, with a loss of 185 million euros ($216 million).