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Capital Group's Stake In Ryanair Increases But Value Of Shares Declines

By Dave Simpson

Stocking exchange filings have revealed that American investment firm Capital Group has increased its stake in Ryanair to 10.17% in recent days.

As reported by The Business Post, despite increasing its stake in Ryanair, the value of Capital Group's stake in the airline has declined in recent weeks as the value of Ryanair's shares decreased from €17.06 in early December to approximately €14 at the start of trading on the morning of Wednesday January 27. This means that even though it holds a larger stake in Ryanair at present than it did in December, Capital Group's current stake in the airline, which is worth approximately €1.5 billion, is worth less than the smaller stake it held in December, which was worth over €2 billion.

COVID-19 Pandemic Impact

Shares in most airlines have decreased in value due to the impact of the continuing COVID-19 pandemic.

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In the past week, shares in Aer Lingus owner International Airlines Group (IAG), which also owns British Airways, Iberia, Vueling and Air Europa, have decreased in value from almost to £1.62 to £1.37, while the value of shares in easyJet have decreased from £8.45 a week ago to a little more than £7, and the value of shares in Lufthansa decreased from €10.46 to €9.64 before increasing to approximately €10.36 in recent days.

The value of shares in Air France-KLM also declined in the last week before increasing again.

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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