Ryanair to raise 2010 passenger forecast, shares drop - European airline share wrap

Ryanair's CEO, Michael O'Leary, stated the carrier may raise its forecast of 27 million passengers in the 12 months ending 31-Mar-2010, as consumers are increasingly making travel decisions based on price. A revised financial outlook will be presented in June.

Mr O'Leary told Bloomberg that the carrier is "probably the only airline in the world that's interested in buying another 200 airplanes", adding, "we'd be very keen to place an order with Airbus, and I'm currently spending time trying to convince them that we're serious". Investors also need some convincing, as they sold the carrier down 4.6% yesterday.

Meanwhile, SAS shares fell a further 4.4% after Monday's 25% slump.

European selected airlines daily share price movements (% change): 23-Mar-09