Airline shareholders may get €500m

RYANAIR Holdings Plc, Europe’s biggest discount airline, may return €500 million to shareholders in fiscal 2013, depending on the airline’s profitability and aircraft orders, chief financial officer Howard Miller said at a press briefing.

Ryanair Holdings said first-quarter earnings were little changed after higher fuel costs eroded gains from rising passenger numbers.

The airline aims to cut net debt to between €150m and €175m by year’s end, Mr Miller said.