An investigation on behalf of investors of Ryanair Holdings plc (ADR) (NASDAQ:RYAAY) shares over potential securities laws violations by Ryanair Holdings plc (ADR) (NASDAQ:RYAAY and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ryanair Holdings plc (ADR) (NASDAQ:RYAAY) concerning whether a series of statements by Ryanair Holdings plc (ADR) (NASDAQ:RYAAY regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Ireland based Ryanair Holdings plc is a holding company for Ryanair Limited that operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair Holdings plc reported that its Total Revenue rose from over 6.53 billion EUR for the 12 months period that ended on March 31, 2016 to over 6.64 billion EUR for the 12 months period that ended on March 31, 2017 and that its Net Income for those respective time periods declined from over 1.55 billion EUR to over 1.31 billion EUR.

On September 15, 2017, Ryanair Holdings plc announced that it would cancel over 2,000 flights due to delays and strikes prompted by staffing issues with the Company's pilots and cabin crew.

On September 27, 2017, Ryanair Holdings plc announced that it would cancel 18,000 further flights, affecting about 400,000 passengers, again citing staffing issues. On the following day, the U.K.'s Civil Aviation Authority initiated an enforcement action against the Company for 'persistently misleading passengers' about their rights.

On October 6, 2017, post-market, Ryanair announced the resignation of its Chief Operating Officer Michael Hickey.