Ryanair has reported a record annual loss on Monday and said it would at best break even in the coming year as it navigates huge uncertainty around the lifting of COVID-19 restrictions and how much travel-starved passengers will pay for summer flights.  

Europe's largest discount airline said the pandemic had made the 12 months to the end of March the most challenging in its history, forcing it to slash capacity by 80% and shed 1,000 jobs.  

And while it has seen a "dramatic springback in bookings" in recent weeks, it has almost zero visibility for the rest of the year, Group Chief Executive Michael O'Leary said.  

The airline reported a record annual after-tax loss of 815 million euros ($989 million) in its financial year to March 31, slightly better than the forecast loss of 834 million euros in a company poll of analysts.