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Here’s Why Ryanair Share Price Plunged Over 5% Today

Updated 25 Sep 2020
Ryanair plane

Shares of Ryanair Holdings PLC (LON: RYA) tumbled more than 5% today as the budget carrier issued another warning about the UK Covid-19 policy.

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Unless Johnson’s government channels more support and eases travel restrictions, the aviation industry is facing massive losses.

In another severe criticism of the country’s handling of Covid-19 pandemic, Ryanair’s CEO Michael O’Leary warned that he will be forced to put unessential staff on unpaid leave if no government support is provided.

“We want to keep our pilots and cabin crew employed and paid and we are going to have to have huge government assistance for that, otherwise I’m afraid they’re all going to go on unpaid leave for the winter,” he told Sky News.

Ryanair stock price trades 5% lower September 2020

Ryanair share price is trading over 5% in the red to print a new 1-month low at 10.760.

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