Ryanair may extend share buyback

Ryanair is expected, in the coming months, to announce an extension to its share buyback programme which will have returned €800m to investors when scheduled to run its course in September.

The airline returned more than €1.1bn to shareholders in its last financial year via stock buybacks and the passing on of the near €400m from the sale of its Aer Lingus stake.

It is around 80% through the €800m buyback programme begun in February, but that is now expected to be extended by a further €300m.