Ryanair shares slide 7% amid profit fears

SHARES in Ryanair fell as much as 7.5% on market talk of a profit warning after Morgan Stanley cut its price target on Europe’s biggest low-cost airline, traders and analysts said.

“There is talk that they {Ryanair} may be steering brokers to lower their expectations for earnings,” one trader said.

A spokesman for Ryanair said the company did not comment on market speculation.