Ryanair to cut Italy flights by 25% due to coronavirus

Ryanair will cut its routes in and out of Italy by 25% for three weeks, due to a significant drop off in bookings for what is one of the Irish airline's largest markets, it said in a statement on Monday.

"Ryanair does not expect these cancellations to have a material impact on current year (end Mar 2020) guidance, but it is far too early to speculate what impact the Covid-19 outbreak will have on FY21 earnings," the airline said in a statement.