Why Ryanair Shares are Bouncing Despite the Brexit Gloom?

[Pelle Svanslös]

"Europe’s biggest airline by passenger numbers Monday joined the ranks
of airlines complaining of big hits to its earnings from the Brexit
effect, chronic strikes by French air traffic controllers and the
fall-out from the Brussels airport bombing in March. It warned that
average fares would fall by up to 12% over the next nine months and said
that if anything, that forecast may be too optimistic. And while it
didn’t put a figure on the damage done by the U.K.’s ‘Brexit’, it said
it would start moving flights away from the U.K. routes that have been
its cash cow for most of the last few years."

So why is the stock bouncing back?

Because the markets expected the prospects to be even worse!

http://fortune.com/2016/07/25/heres-why-ryanair-shares-are-bouncing-despite-the-brexit-gloom/?iid=leftrail

[The Iceberg]

the moron experts were wrong. The real question is why you're so absolutely terrified of Brexit.

[Brian Lawrence]

Of course Ryanair is an Irish company, so it won't be leaving the EU.
That said, they were based in the UK for airline reasons, but I seem
to recall that they were now 'moving their base somewhere else'.

[bob]

yes, can't figure out what's up with pelle. he must have something
personal going on with brexit.

bob