Ryanair employees and other investors seem to be cleared for their shares to take off to even higher levels. In its latest report on the low fares airline, Davy Stockbrokers suggests the group now has the potential to increase its earnings at a much faster rate than previously forecast, underpinning a stronger share price performance.

The shares can advance, according to Davy, and could re-approach their previous highs of 575p on the back of continued strong growth. Much of Ryanair's growth momentum over the next 18 months can be maintained into the future by prospective airport deals, according to Davy, and should be closely watched by investors.