Ryanair raises summer fare outlook as ‘ugly scenario’ avoided

Business & Finance

Reuters was first to report that Ryanair CEO Micheal O’leary no longer sees a risk of double-digit percentage falls in fares as the European short-haul weakness had “levelled out”.

Market Impact

The news caused Ryanair shares to rise by as much as 6% – they were the second-best performer on the pan-European STOXX 600 and gave a boost to rivals Wizz Air and easyJet. Last month, O’leary’s warning about weakening ticket prices during the busy summer months had knocked 15% off the budget carrier’s share price.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Europe

Countries: Ireland

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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