The airline says passengers numbers are still behind pre-covid figures.
Ryanair lost €355 million in the 12 months ended March 31st, the airline confirmed on Monday.
The Irish carrier earned €4.8 billion revenue during the 12-month period, almost three times the €1.64 billion it generated in its previous financial year.
However, it says passengers numbers are up from 27.5 million in the year to March 2021 to 97.1 million in the year to this March, but that's still 35% behind pre-covid figures.
The airline also says average fares fell by 27% to just under €27 because of Covid and the war in Ukraine.
Chief Financial Officer at Ryanair - Neil Sorahan - says the airline is seeing a good recovery.
LIVE: Budget 2027 Announcements
Delays At Hazelhatch Train Station This Morning Due To Signalling Issues
Government Leaders Meeting Now To Finalise Budget 2027 Details
Daniel Kinahan Due In Court Charged With Directing Criminal Organisation Activities
Almost 70,000 Teachers To Begin Industrial Action Today
INMO Says Graduate Nurses, Midwives Not Being Offered Contracts Amid Budgetary Issues
Minister Lawless Says Govt. Can't Solve Every Issue For Students
E-Scooter Ban For Under 18s Comes Into Effect
