Ryanair (LON:RYA) shares edged up in afternoon trading on Tuesday, after the company released the full list of cancelled flights for the next six weeks.
The company was plunged into chaos over the weekend after it announced it would be cancelling up to 50 flights per day until the end of October. Ryanair said the cancellations were due to the company “messing up” its pilots annual holiday leave, and is now likely to cost the company around £17 million in compensation payments.
Jordan Hiscott, chief trader at ayondo markets, said the reputational damage from the fiasco was likely to be “huge”.
But, he added: “Today it has been recovering slightly, possibly on the hope that the damage has been contained. Certainly though, investors will be left questioning, how this happened in the first place.”
Its shares sunk at the start of Monday trading, after news of the cancelled flights broke. However, their shares are currently trading up 1.36 percent at 16.96 (1614GMT).