Tuesday July 7, 2020

Huge US mutual fund spends €180m to raise Ryanair sake to 4.3%

The Capital Group’s move comes as the airline announces that its traffic for May 2020 is down by 99.5 per cent on last year

Barry J Whyte

Chief Feature Writer

7th June, 2020
Michael O’Leary, chief executive officer of Ryanair: traffic fell by 99.5 per cent in May compared to the previous year. Picture: Bloomberg

The Capital Group, a trillion-dollar US mutual fund, has spent nearly €180 million since March to increase its stake in Ryanair from 2.8 per cent to 4.3 per cent, stock exchange filings show.

Like virtually all of the world’s airlines, Ryanair has been hit by the impact of flight restrictions since early March.

Last month, it announced that its May traffic had fallen by 99.5 per cent compared to the previous year, with only 70,000...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The annual lease for the premises is close to €1.5 million and the landlord company alleges payments have not been received in six months

Róisín Burke | 5 hours ago

If the Revenue comes knocking, make sure that you and your business are ready for it

Tom Maguire | 2 days ago

The social media giant’s communications chief has defended its policy and denied that it profits from racist content

Aaron Rogan | 2 days ago