Ryanair CEO O'Leary announces lower-than-expected summer ticket fares.

Ryanair CEO Michael O'Leary announced that summer ticket fares will be lower than expected, defying predictions of rising costs due to capacity constraints and slower aircraft deliveries. Despite the Airbus fleet being grounded for maintenance, O'Leary stated that prices could be flat or increase up to 5% compared to last year. Ryanair's share price fell 6.4% following this announcement, while shares of EasyJet and Lufthansa also declined.

May 07, 2024
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