RYAAY Ryanair Holdings PLC

   By Adria Calatayud 
 

Ryanair Holdings PLC said Tuesday that it has lowered its fiscal 2020 traffic target following the suspension of all its flights to and from Italy amid the coronavirus epidemic.

The Irish budget airline said it now expects traffic for the year ending March 31 to be 151 million compared with 154 million previously. This is a direct result of the suspension of all Ryanair flights to and from Italy, between March 13 and April 8, in response to the Italian government's restrictions on travel, and flight restrictions by the governments of a number of other countries in the European Union, the company said.

Ryanair said it doesn't expect a material impact on its profit guidance for fiscal 2020.

It is too early to assess the impact of the coronavirus on the company's traffic and earnings for its next fiscal year, Ryanair said.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

March 10, 2020 08:58 ET (12:58 GMT)

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