Ryanair upped at J.P. Morgan on Boeing order (UK:RYA, RYAAY, BA) By Aude Lagorce

LONDON (MarketWatch) -- J.P. Morgan upgraded Irish low-cost airline Ryanair Holdings (UK:RYA) (RYAAY) to ``overweight`` from ``neutral,`` citing the carrier`s recent Boeing (BA) order as a key catalyst. The broker told clients it believes that Ryanair is undervalued for the strength of earnings growth that it forecasts, but said the Boeing deal provides ``a new level of shareholder value.`` J.P. Morgan said it thinks Ryanair now has price commitments on more than 300 new Boeing aircraft, ``which are well below the open market price of the planes.`` Shares of Ryanair were last down 0.8 percent in London.

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10:44am 03/02/05

Ryanair found guilty of misleading over prices in ads (RYAAY, UK:RYA) By Kabir Chibber

LONDON (MarketWatch) -- Low-cost airline Ryanair (RYAAY) (UK:RYA) has been found guilty of breaching six counts of Consumer Protection Act by a jury in a British court. The Office of Trading Standards, who brought the case against Ryanair, had alleged the airline did not tell consumers the full costs of the seats in its advertisements because the prices did not include insurance and tax, the Press Association reported.