Ryanair has written to the London Stock Exchange seeking admission to the FTSE 100. Ryanair said its application is rooted in the belief that there should be at least one representative of the airline industry in the FTSE 100 index to replace British Airways.
Ryanair said it is the second largest airline by passenger numbers operating to and from the UK, and the second largest airline in Europe by market capital, currently £2,742 million.
Ryanair's financial director, Mr Howard Millar said, "Today Ryanair's market capital is almost twice that of British Airways, and growing... As one of Europe's fastest growing and most profitable airlines, we believe Ryanair should be admitted to the FTSE 100 Index to replace British Airways which has been ejected".
PA