Ryanair shares surge on reduced cash burn, optimistic outlook
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DUBLIN (Reuters) - Ryanair shares surged 15% on Monday after Europe's largest low-cost carrier announced details of sharp cost cuts and promised a swift return to full capacity and expansion in the aftermath of the COVID-19 crisis.The Irish airline, which is due to move from a skeleton service to around half its normal capacity on July 1, said it had seen a "significant spike up in bookings" and suggested it may fly more passengers next year than last year. The bullish commentary from Chief..