Ryanair’s disappointing summer season is over. In results yesterday, the airline announced fares are stabilising, passenger numbers continue to rise and earnings per share are slightly up. Full year guidance has honed in on €800-900 million. The share was up 8 per cent on the close. The airline industry had it tough in the first half of the year. Weak demand across Europe wasn’t helped by over-capacity in Germany and Austria. Or a summertime price war. Ryanair and other airlines reacted by grounding planes, the result of which is that Ryanair’s fares have stabilised. Fares are down 6 per cent on…

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