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Ryanair shareholders to gain €398m from Aer Lingus disposal

At its AGM yesterday, Ryanair announced its shareholders would reap €398m in spoils from the sales of its Aer Lingus stake earlier this year.

The budget airline agreed the sale of the Irish airline to British Airways-owner, International Airlines Group, this summer.

Ryanair is also increasing its full-year traffic forecasts to 104 million customers, from a previous estimate of 103m, while its profits guidance was boosted 25 per cent to €1.2bn.

Subject to EGM approval, the shareholders will receive the funds before December, the airport said.

Ryanair chairman David Bonderman said: “During our 30th year, Ryanair will grow traffic by over 13m to 104m customers.”

He added: “It is clear that consumers all over Europe are delighted by our ‘Always Getting Better’ customer experience programme, and our combination of low fares and customer service continues to deliver.”

This was posted in Bdaily's Members' News section by Ellen Forster .