Ryanair offers further concessions to EU for Aer Lingus, WSJ reports Ryanair (RYAAY) has offered another package of concessions to EU regulators in an attempt to secure approval to acquire Aer Lingus, sources tell the Wall Street Journal. The package guarantees Flybe Group EUR20M in annual profit from the Aer Lingus routes it would take over, and Ryanair would also provide EUR100M in cash up front for Flybe. Reference Link
Ryanair upgraded to Outperform from In-Line at Imperial Capital Imperial Capital upgraded Ryanair to Outperform saying the company's new passenger initiatives and structural shift to more primary airports should drive earnings growth. The firm raised its price target for shares to $85 from $60.