Ryanair reports full-year profit up 13%, cuts traffic for coming year

DUBLIN (Reuters) - Ryanair on Monday reported a profit after tax of 1 billion euros ($1.08 billion) for the year to March 31, but said it was unable to provide a forecast for the current year due to COVID-19 and cut its annual passenger traffic target by a further 20%. The Irish low-cost carrier, Europe's largest, said it expected to post a loss of 200 million euros in the three months to the end of June but said a forecast for the full-year was impossible as it had "no visibility" on customer..