The news boosted the budget airline’s shares by 44p, up to £18.11, making it the top performer in the UK’s leading index. Barclays noted that the company’s first quarter interim management statement offered conclusive evidence that the airline had the best low-cost carrier business models in Europe. Barclays explained that it believed that its previous capacity concerns were unfounded, and that the airline could look forward to growing pricing, in spite of the lower oil prices at the moment. They expect that demand for services in the UK will remain strong as the summer approaches and that there could be as much as a 15% earnings per share potential this year.
Overall, however, the markets were less positive. The UK’s leading index slipped by 63.21, down to 6762.73, after the US Federal Reserve released minutes of its last meeting. The central bank is upbeat about the economy of the country, and this means that there is a possibility of an interest rate increase being made at some point in the middle of the year.