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Nov 2 2026, 06:50 GMT
Ryanair Holdings
Short-term pain, long-term gain
- Sectors : Airlines
- Companies : Ryanair Holdings
DAVY VIEW
We see Ryanair continuing to prosper over the medium term with the lowest cost base and best balance sheet in the industry (another €800m buyback announced from next February). If anything, the current dislocation in the market could make medium-term targets more achievable. However, there is no doubt that at current jet forward prices margins will contract in FY28. We further lower our estimates on fuel despite some yield offset to NPAT of ~€1.75bn in FY27 (~€1bn FY28).
