Ryanair Holdings

Blowout Q1, well positioned for the summer

  • Sectors : Airlines
  • Companies : Ryanair Holdings

Ratings and price correct at time of issue.

  • Ryanair Holdings

    Closing Price: 2312c

  • RATING 07/12/09

  • PREVIOUS RATING 02/11/09

    NEUTRAL

DAVY VIEW

Ryanair’s record performance in Q1 and strong bookings into the summer leave it very well positioned. Q2 fares are set to recover “almost all” of last year’s 7% decline. As ever, cost discipline remains (modest cost inflation guided). We are likely to move upwards our FY estimates from €2038m to c.€2156m. Ryanair’s balance sheet and singular focus business model make it the winner in its chosen segment.

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Jul 21 2025, 06:50 IST/BST

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