Enterprise & Finance
27 August 2024, 5:57 pm 1 minute
Reuters was first to report that Ryanair CEO Micheal O’leary now not sees a danger of double-digit share falls in fares because the European short-haul weak point had “levelled out”.
Market Impression
The information brought on Ryanair shares to rise by as a lot as 6% – they had been the second-best performer on the pan-European STOXX 600 and gave a lift to rivals Wizz Air and easyJet. Final month, O’leary’s warning about weakening ticket costs through the busy summer time months had knocked 15% off the price range provider’s share value.
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