Ryanair raises summer fare outlook as ‘ugly scenario’ avoided

Ryanair CEO Micheal O’leary stated that the risk of double-digit percentage falls in fares has decreased as European short-haul weakness has stabilized. This news led to a 6% increase in Ryanair shares, making them the second-best performer on the pan-European STOXX 600 and benefiting rivals Wizz Air and easyJet.

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