Ryanair, one of Europe’s largest low-cost airlines, has announced the cancellation of all flights and the closure of the company. The decision was made due to the devastating effects of the COVID-19 pandemic on the travel industry and the airline’s financial stability.
According to a statement released by Ryanair’s CEO, the company had been struggling to stay afloat for several months, with mounting losses and a severe drop in passenger numbers. Despite efforts to cut costs and restructure the business, the airline was unable to overcome the challenges posed by the pandemic and its aftermath.
The announcement has come as a shock to many customers who had already booked flights with Ryanair. The airline has not commented about providing full refunds to all affected passengers and has urged them to contact customer service for assistance.
The closure of Ryanair will have a significant impact on the aviation industry and the wider economy, with many jobs and businesses relying on the airline’s operations. The company has expressed regret at having to take this drastic step and has thanked its staff and customers for their loyalty and support over the years.