Ryanair (FR, Dublin International) has announced a share buyback drive to reacquire EUR800 million (USD867 million) worth of its own stock. The initiative is set to commence on Friday, February 5 and will last nine months, subject to market conditions.
Adding to its claims of 'rising profitability and improving cashflow', Ryanair says it expects to register profit after tax of between EUR1.175 billion (USD1.315 billion) to EUR1.225 billion (USD1.372 billion) for the full year.
