The Dublin market was ahead 4.5 per cent at lunchtime. "We are not planning any bids for Lufthansa in the foreseeable future but it is the only one of the other three large airlines that we would be interested in." Lufthansa's market capitalisation is €4.5 billion, or some €800 million less than Ryanair's.Īt 1.30pm shares in Ryanair were down 1.3 per cent at €3.58, having earlier fallen by up to 5 per cent. We could almost buy it for cash," Mr O'Leary told a news conference in London. "We are having a serious look at Lufthansa.
While rivals airlines struggle in the face of falling demand, Ryanair said it is hoping to mop up business with chief executive Michael O'leary saying it might bid for Lufthansa. Revenues rose 8 per cent to €2.94 billion while passenger traffic rose 15 per cent to 58.5 million.īefore booking the loss on its stake in Aer Lingus, Ryanair's adjusted full-year net profit of €105 million, down 78 per cent on 2008, came in well ahead of expectations and it said it planned to at least double that this fiscal year.
The results include a writedown of its 29.9 per cent stake in Aer Lingus by a further €222 million to €93 million, reflecting the fall in the Aer Lingus share price to 59 cent at the end of March. Ryanair has reported a full-year operating loss of €169 million after writing down the value of its Aer Lingus stake and hinted it may consider acquisitions.
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