Shares of Ryanair Holdings plc (RYAAY, Financial) increased in the first quarter, after the company announced a favorable fourth quarter and provided some detail around plans to grow market share in the business travel segment. Ryanair is a low-cost European airline flying 80 million passengers per year. We continue to see opportunities for Ryanair to carry more passengers over time, in both high-demand, high-traffic airports and secondary airports, as high cost incumbent airlines struggle to competitively price tickets in the face of rising fuel and labor costs.
From Baron Funds' first quarter 2014 commentary.
