Ryanair has warned a second wave of the coronavirus is its “biggest fear.”

The airline revealed losses of €185 million in the three months to the end of June. It had made €243 million in the same period last year, according to its first-quarter results published on Monday.

“The past quarter was the most challenging in Ryanair’s 35-year history. Our biggest fear is the second wave of Covid-19 cases across Europe,” the carrier said in a statement.