Good morning.
We kick off the week with some words of caution ffrom Ryanair, which has told investors not to get ahead of themselves when it comes to the travel sector’s recovery.
The airline suffered a sharp slowdown in trading in December and January as a result of the omicron variant and warned that while bookings were improving, it wasn’t out of the woods yet.
Much like rivals easyJet and Wizz Air, Ryanair is plotting aggressive expansion as travel returns, with 720 new routes and 15 new bases announced for the financial year beginning in April.
However, it warned passengers were still booking at the last minute and price cuts were needed to help stimulate demand.
5 things to start your day
1) Sunak pours taxpayer cash into online betting firm The Chancellor has sunk millions of pounds of taxpayer money into an online betting company and a luxury Caribbean firm selling holidays on private islands
2) Underinvestment ‘to cause gas shortages’ Delays and underspending on new gas projects could cause a prolonged global shortage, the International Energy Agency has…
