RYAAY - Ryanair: Summer Is Coming With Softer Price
2024-06-28 04:31:28 ET
Summary
- Lowered estimates for the year due to a softer pricing environment and higher CAPEX investments.
- Ryanair still has a unique cost basis compared to peers.
- Change to forecasts result in EPS downgrades. That said, Ryanair is still a buy on a 12-month estimate.
Following our early January update called Bullish Long-Term Story , Ryanair ( RYAAY ) reported its full-year results and paid its first dividend. The company started its operations in 1985 and became a low-cost player in the early 1990s. Its business model is based on the low-cost principles pioneered by the US company Southwest. Currently, the company is the largest airline in Europe, carrying more than 180 million passengers per year, with a fleet of almost 600 planes....
Ryanair: Summer Is Coming With Softer Price