Coronavirus: Ryanair won't 'request or receive state' aid as passenger numbers set to halve

The airline will also cut costs by suspending share buybacks, cutting management salaries, and deferring capital investments, It did, however, say that it expects to record a loss of over €200m (£179m, m) in the first quarter, with a smaller loss expected in Q2 (peak summer).  “We’re seeing a little bit of a pickup,” said Ryanair chief financial officer Neil Sorahan.