Ryanair Holdings

Operating leverage followed by efficiencies

  • Sectors : Airlines
  • Companies : Ryanair Holdings

Ratings and price correct at time of issue.

  • Ryanair Holdings

    Closing Price: 1578c

  • RATING 07/12/09

  • PREVIOUS RATING 02/11/09



Winter upgrades were driven by acute supply conditions, themselves a function of the drive out of inefficient sector capacity, amplified by aircraft delays. This will continue into the summer and even beyond, with the former a secular trend and the latter a result of Boeing adjusting deliveries in a complex supply chain. Meanwhile, Ryanair’s new group structure should enhance capital allocation as further efficiencies are driven by the MAX. We also believe the group’s market position is becoming formidable.

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Feb 13 2020, 06:30 GMT