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May 19 2025, 06:50 IST/BST
Ryanair Holdings
All set for the summer; new €750m share buyback
- Sectors : Airlines
- Companies : Ryanair Holdings
DAVY VIEW
Ryanair’s FY25 is at the very top end of previous guidance; FY26 guidance, while measured, implies strong demand with an ever-strengthening balance sheet. A new €750m follow-on buyback has been approved. We are unlikely to materially change our >€2bn FY26 estimates, but a key driver will be peak summer yields. Advantageous hedging positions will help FY27. MSCI index inclusion will take place at the end of May.
