Ryanair has lost its challenge against the 2019 government bailout of German charter airline Condor, as the EU's General Court ruled there was no reason to doubt the legitimacy of the aid. Europe's biggest budget airline had won a first challenge against the rescue of Condor at the Luxembourg-based EU court in June 2021. But the court on Wednesday said Ryanair had failed to demonstrate any grounds for doubt regarding the European Commission's handling of the aid application.
Ryanair's (RYAAY) Q4 results are hurt by the impact of Omicron and the Russia-Ukraine war on travel demand. However, improvement in traffic aids performance.
The airline reported narrowed annual underlying losses of £302 million for the year to March 13.