RYAAY is down 16% to their lowest level in nine months and driving shares of the carrier's competitors lower in sympathy. easyJet ( OTCQX:EJTTF ) and Wizz Air ( OTCPK:WZZAF ), both low-cost flyers which operate flights in comparable markets as Ryanair ( RYAAY ), experienced a 7.5% and 9% drop in their share prices overseas, respectively. "We expect European short-haul capacity to remain constrained for some years as [Airbus] A320 operators work through significant [Pratt & Whitney] engine repairs, OEMs struggle with delivery backlogs, and airline consolidation continues," Ryanair said in a statement early Monday. The European legacy carriers have been mostly insulated from the dramatic sell-off in Ryanair ( RYAAY ) with Deutsche Lufthansa ( OTCQX:DLAKF ) and Air France-KLM ( OTCPK:AFRAF ) roughly 1% lower, and International Consolidated Airlines ( OTCPK:ICAGY ) -- the parent company of British Airways, Iberia, Vueling, Aer Lingus, and LEVEL -- down 3.5%.