Ryanair cuts winter capacity by a third on new COVID-19 restrictions

DUBLIN (Reuters) – Ryanair RYA.I is to cut its planned winter capacity by a third due to a wave of travel restrictions imposed by European governments, the airline said in a statement on Thursday.

The Irish airline, Europe’s largest low-cost carrier, this winter expects to fly 40% of the capacity it flew last year, down from an earlier forecast of 60%, it said. It expects to fly 38 million passengers in the year to March 31, 2021.