DUBLIN: Ireland’s Ryanair narrowed the range for its forecast annual loss on Monday, saying it expects a net loss between 350 million euros and 400 million euros ($386 million to $441 million) for the year to March 31, 2022.

Europe’s largest low-cost carrier had previously guided the market to a loss of between 250 million euros and 450 million euros.

Ryanair boss predicts tough months ahead due to rising oil prices

The airline also said it has increased its fuel hedging to 80% cover for 2023.