Aviation
Ryanair shares fall sharply after O’Leary warns air fares will be lower than forecast
Shares in the airline plunged after the Ryanair boss said he was ‘surprised’ that airfares will not rise as much as previously forecast
Shares in Ryanair plunged more than 8 per cent on Tuesday after Michael O’Leary, the airline’s chief executive, said that air fares this summer were going to cost less than previously thought.
Industry analysts, as well as aviation executives, have previously warned that ticket prices would continue to increase this summer on the back of aircraft capacity shortages and increased passenger demand.
But on Tuesday, O’Leary told reporters in Brussels that prices were not increasing ...
