Triggering of bonus will lead investors to ponder life at the carrier after chief executive of more than 30 years
Shares in Europe’s largest airline group have moved above €21 on 11 days in the past month – a level that, if sustained for 28 consecutive days, would unlock a €100 million pay-day for one of Ireland’s most successful, if divisive, businessmen.
EU airlines are not allowed to have more than 49.9 per cent of their shares in the hands of investors outside of the union. To protect its European licences in the wake of Brexit, Ryanair moved in 2021 to extend a long-standing ban on non-EU investors purchasing ordinary shares to include those in the UK.
The softening travel spending appears to be limited, for now, to flights within the United States, according to industry figures. The US investment bank’s analysts reckon this is the minimum pricing recovery needed for Ryanair’s shares to kick on. The hope is that the company will have further clarity when it reports results for the financial year to the end of March, due in mid-May.
While Ryanair sees an opportunity to be among the first airlines to get into the Ukrainian market and ramp up passengers when its skies are eventually reopened , investors will have to get used to a much slower rate of growth from here.
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