Ryanair Starts €800 Million Buyback as Plane Purchases Slow

Ryanair Holdings Plc is embarking on a fresh €800 million ($873 million) stock buyback as the airline benefits from a stronger cash position amid robust travel demand and aircraft delivery delays that have allowed it to conserve funds.

The Irish discount carrier said it now expects to complete its current €700 million share buyback by the end of this month, according to a regulatory filing. Ryanair will ask shareholders at its next annual general meeting in September to back an increase in the buyback size to as much as 15% of issued share capital, from previously 10%, it said.