Business & Finance
27 August 2024, 5:57 pm 1 minute
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