Ryanair plans largest ever share buyback

Ryanair plans to return E800m to investors through its largest ever share buyback, highlighting how the airline has made significant progress to overhaul its aggressive image and poor customer service. The carrier reported Monday Q3 net profit of E102.7m, up 110% compared to the same period in 2014. The E800m buyback is the strongest evidence yet of Ryanair’s recovery after 2 profit warnings in the autumn of 2013, when Michael O’Leary, its outspoken CE, admitted the company annoyed too many passengers and promised a strategy overhaul. The company credits this new approach for the improvement in its fortunes, which saw it become the first airline to carry 100m international passengers during a single year in 2015. <br/>