Stockbrokers back airline to come through turbulence with flying colours

DESPITE the massive fall in the price of Ryanair shares, which has seen the value of the airline fall by hundreds of millions of euro, no Irish stockbroker is advising clients to sell the stock.

All agree there is turbulence ahead for Europe's biggest low fare airline and three brokers in particular believe the billion euro plus fall in the value of the stock was overdone.

And they have been proved right, in the very short term at least, as the shares ended up on the day yesterday.