Ryanair Holdings

Long-term winner, challenging winter

  • Sectors : Airlines & Other Transport
  • Companies : Ryanair Holdings

Ratings and price correct at time of issue.

  • Ryanair Holdings

    Closing Price: 1430c

  • RATING 07/12/09

  • PREVIOUS RATING 02/11/09

    NEUTRAL

DAVY VIEW

As referenced in our recent sector note, we see Ryanair as a structural winner in a post-COVID world. Winter lockdown and accelerated cabin crew training lead to larger winter losses. However, growth – including 24 new aircraft this summer, key low-cost airport deals and a BBB balance sheet – leaves it very well placed to capture the recovery in the marketplace. A climate protection rating of B- from CDP should also be noted.

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Feb 1 2021, 06:45 GMT

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