Ryanair Holdings

Competitive positioning never better

  • Sectors : Airlines
  • Companies : Ryanair Holdings

Ratings and price correct at time of issue.

  • Ryanair Holdings

    Closing Price: 1660c

  • RATING 07/12/09

  • PREVIOUS RATING 02/11/09

    NEUTRAL

DAVY VIEW

We see the Q3 statement as broadly a holding one before we enter the Easter/summer period. But it is important to remember that Ryanair’s cost position (both fuel with hedging and ex-fuel), network expansion, customer proposition, employee growth and obviously balance sheet/cash flows are poised for its next phase of growth. We continue to believe that these ‘low cost’ tenets will show favourably, if not dramatically, this summer. We maintain our forecasts, our ‘Outperform’ rating and €19 price target.

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Jan 31 2022, 06:50 GMT

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