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easyJet PLC gained altitude on Tuesday after low-cost peer Ryanair Holdings PLC reassured fares would not fall as much as expected this summer. Ryanair boss Michael O'Leary said in an interview earlier on Tuesday that fares would likely fall closer to 5% this summer, against anticipations last month of a 10% drop.

Ryanair Holdings PLC (LSE:RYA)chief executive Michael O'Leary has again criticised management Boeing for delays in delivering aircraft ordered by the airline. The Irish carrier, one of Boeing's largest customers, said that instead of next summer's expected 29 scheduled deliveries, it was more likely to get between 20-25.

Ryanair Group Chief Executive Michael O'Leary on Tuesday said that Boeing's new management "continue to disappoint" and that deliveries were behind schedule.

Ryanair no longer sees a risk of double-digit percentage falls in average fares this summer as weakness has "levelled out," Group CEO Michael O'Leary said in an interview on Tuesday.

Ryanair is not interested in slots due to be ceded by ITA Airways following its integration with Lufthansa , the Irish low-cost airline's CEO said in an interview published on Friday.

Ryanair said on Thursday it would buy back up to 800 million euros ($872.48 million) more of its shares over the next six to nine months due to a stronger than expected cash position, driven partly by the delayed delivery of new Boeing aircraft.

Ryanair's CEO said easyJet's much better fare performance in the April-June quarter did not indicate flaws in his airline's strategy, but were due to its rival's weaker prior year comparisons and slower traffic growth.

Ryanair Holdings' first-quarter earnings report shocked the market, leading to an abrupt decline in its stock's market value. Operational factors showed mixed results, with increased volume but decreased load factor and fare rates. Despite the above, a fundamental shift might occur in late 2024 and play into Ryanair's broader growth story.