EasyJet shares climb as it benefits from Ryanair woes
EasyJet said fare levels in Europe were set to rise this winter after it benefited from the woes of Ryanair and other rivals to post record passenger numbers in the last year, prompting its departing CEO to say she was leaving the airline in good shape.
The shares climbed 7% in London at one stage, valuing the budget airline at almost £5.43bn (€6.11bn). Ryanair shares were also up, gaining almost 3% in Dublin trade, to value the airline at €21.55bn.
