Ryanair to Repurchase Shares Worth $760M Amid Earnings Growth

Monday, 20 May 2024, 08:10

Ryanair Holdings recently announced a share buyback program worth 700 million euros ($760.9 million) following a substantial increase in earnings. This move comes as the company looks to reward shareholders and optimize its capital structure. The decision is influenced by the delay in Boeing deliveries, impacting passenger growth potential for Ryanair in the near term.

https://store.livarava.com/ee4289eb-1680-11ef-a6c2-63e1980711b2.jpg — Ryanair to Repurchase Shares Worth $760M Amid Earnings Growth

Ryanair Share Buyback Announcement

Ryanair Holdings has revealed plans to repurchase shares amounting to 700 million euros ($760.9 million) following a notable rise in earnings.

Financial Reward for Shareholders

This strategic move by Ryanair aims to reward shareholders through the buyback initiative as part of the company's capital structure optimization strategy.

Impact of Boeing Delays

The decision to repurchase shares is partly influenced by the ongoing delays in Boeing deliveries, which directly affect Ryanair's passenger growth prospects in the near future.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.