O’Leary apologises for Ryanair’s poor performance and slump in share price

MICHAEL O’LEARY has apologised to shareholders in Ryanair for the poor performance of the airline’s share price this year.

CEO Mr O’Leary said he was disappointed the share price had not recovered since the carrier issued a profits warning in January and said management would be working hard to build up confidence in the shares.

But he said this would take time as the aviation sector was out of favour of investors.