Must be that time of year again...
Round about the end of January for the last x years, Ryanair have started to sound like the town crier in Pompeii.
Usually something along the lines of "bloodbath for the low costs, they must merge or fail", "fuel prices ghastly, we won't even break even" with an added dash of "dreadful economic outlook ahead".
The shares take a temporary hit. Then, year after year, Ryanair comes in with numbers ahead of market expectations. Share price goes up again....
As for their results - add back in the profit from the disposal of the 738s they sold last quarter, and hey presto, back on the mark.
Must make you pots if you are a shareholder....
Or am I a cynic?
TA