O’Leary expects no major growth in share price

RYANAIR chief executive Michael O’Leary said he expects no major growth in the airline’s share price so long as a price war to win passengers continues.

Speaking at a press conference in Dublin yesterday, the ebullient airline boss said he expects air fares to continue to fall and as long as that happens the company’s share price will continue to mark time while it is cutting fares.

Mr O’Leary said fares will fall between 5% and 15% this year as it attempts to fill its planes.