RYAAY is trading 5% up today at $56.88 after the company commented on summer demand and fuel supplies, and following a favorable legal ruling.
- Chief Executive Michael O'Leary stated the airline has “almost zero concerns” about jet fuel shortages for the summer, helping to ease investor fears. [1]
- While the airline noted that summer fares are currently expected to be flat compared to last year, it warned that last-minute bookings for late summer could lead to higher prices. [1]
- Separately, Italy's Council of State annulled a decision by the competition authority against Ryanair related to flight cancellations, a positive legal development for the carrier. [10]