Ryanair Plans To Distribute EUR 398 Mln Aer Lingus Proceeds To Shareholders

(RTTNews) - Irish airline Ryanair (RYA.L, RYAAY) Thursday briefed shareholders on the continuing success of its "Always Getting Better" or AGB customer experience programme, which has enabled Ryanair to raise its full year traffic forecast to 104 million customers from its previous 103 million customers, and its profit guidance by 25% to 1.2 billion euros.

Ryanair briefed shareholders on further AGB improvements later this year, including new primary airports in Amsterdam, Cologne, and Copenhagen, a new personalised website with advanced features, an improved mobile app, new cabin interiors, crew uniforms and improved inflight menus.

Ryanair plans to distribute the proceeds of 398 million euros from the sale of Ryanair's 29.8% stake in Aer Lingus, to its shareholders via a 'B' Share programme which will be concluded, subject to EGM approval, before December. This will bring the total funds returned by Ryanair to shareholders this year to 800 million euros and in excess of 3.3 billion euros since 2008.