Ryanair plans share buybacks and dividends next year
30.01.12
Ryanair plans to return some of its cash pile to shareholders through dividends and share buybacks in 2013 and 2014 as it keeps its fleet at current levels, the Times report, in an interview with the budget airline's Chief Executive Officer, Michael O’Leary.
The airline will have no new planes next year or in 2014 ‘no matter what happens,’ Mr O’Leary said. That will allow Ryanair to generate €800 million in ‘free cash’ annually that can be returned to shareholders, he said.
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