An upcoming roadshow for Ryanair has been met with a warm investor reception but the borrower will likely have to field queries about its ambitious expenditure programme and a fall in profits.

Ryanair passenger figures were down by 50,000 as the airline grounded up to 80 aircraft following the Christmas period.

Gulf carrier Etihad Airways said it is interested in buying Ryanair’s near 30% stake in Aer Lingus but as yet has not entered into any talks with the airline.