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%

Barry J Whyte

Chief Feature Writer @whytebarry
18th November, 2020
Trillion dollar Los Angeles mutual fund buys nearly €30 million worth of Ryanair shares
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 the...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Phoenix Park gates to remain open to traffic after public consultation

Scooter firms hopeful of creating 150 jobs with rental venture

Transport Emmet Ryan 1 week ago

Dublin Bus to install 400 charging units as plan to electrify fleet gathers speed

RSA: priority driver test system for frontline workers has ‘lost all meaning’

Transport Ken Foxe 2 weeks ago