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Ryanair says EU short-haul capacity could shrink 25% after COVID

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DUBLIN, April 21 (Reuters) - Europe's air passenger capacity may shrink by a quarter in the wake of COVID-19 due to a large number of airline collapses, Ryanair's Group Chief Executive said on Wednesday.

"I think the biggest long-term change ... certainly in Europe, is there has been a significant and seismic reduction in capacity in the marketplace," Michael O'Leary told the Financial Times in an interview broadcast online.

"When Europe returns post-COVID by 2022 or by 2023, we're looking at about 20-25% less capacity in the market based here in Europe," he said.

(Reporting by Conor Humphries, editing by Padraic Halpin)