Trillion dollar Los Angeles mutual fund buys nearly €30 million worth of Ryanair shares

Capital Group increases its share in the airline to over 9%

Michael O’Leary told the World Market Travel conference he expects passenger numbers to bounce back in 2021. Picture: Sam Boal/

The Capital Group, the trillion-dollar Los Angeles mutual fund, has bought nearly €30 million worth of shares in Ryanair, pushing its stake above 9 per cent.

Recent stock exchange filings show that the investment firm moved its stake from 9.01 per cent to 9.18 per cent, and at Ryanair’s current share price of just over €15.10 the total value of its shares is more than €1.5 billion.

Ryanair last week announced its first loss for ...