Ryanair plans to put squeeze on rivals as fuel costs surge over Ukraine crisis

Ryanair shares rose by over 2%, helping to lower the stock’s year-to-date decline to just over 7%.

Ryanair group CEO Michael O'Leary is confident the airline can attract strong bookings over Easter and the summer as it can continue to keep fares low due to being shielded from rising fuel costs.

Ryanair shares gained a boost from group chief executive Michael O’Leary saying the airline can gain an edge over rival carriers as it has largely shielded itself from surging fuel prices arising from the Ukraine crisis.

While Ryanair saw bookings drop 20% after Russia launched its attack, Mr O’Leary said sales have already begun to recover and Ryanair is expecting bumper Easter and summer seasons.