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Ryanair stock pops, CEO says fare declines not as bad as feared

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In this article:

Shares of low-cost airline Ryanair (RYAAY, RYA.IR) are jumping after CEO Michael O'Leary indicated that the decline in summer airfares wouldn't be as sharp as they thought. O'Leary told Reuters that he thinks fare weakness has "leveled out," with decreases of about 5%, not the 10% that had been initially feared.

Morning Brief anchors Brad Smith and Madison Mills discuss the comments in the video above.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Stephanie Mikulich.

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