Business & Finance
27 August 2024, 5:57 pm1 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 hadknocked 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