Ryanair raises summer fare outlook as ‘ugly scenario’ avoided

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    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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