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Ryanair raises passenger traffic growth plans from 100m to 110m by Mar-2019

21-Jun-2013 10:16 AM

Ryanair raised (20-Jun-2013) its passenger traffic growth plans from 100 million to 110 million by Mar-2019 after the airline stated plans to increase its growth rate from 5% to 7% p/a over the coming years. This is in response to increased demand and lower costs from existing and new airport partners across Europe. The airline also plans to return up to EUR1 billion to shareholders over the next two years with at least EUR400 million in share buybacks to be completed during the current year to Mar-2014 and up to a further EUR600 million in special dividends or share buybacks targeted in the year to Mar-2015 subject to current fuel, yields and profitability trends continuing. [more - original PR]