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Ryanair Holdings PLC (LSE:RYA) is celebrating a favourable EU General Court ruling against the Dutch government's €3.4 billion worth of state aid given to Air France-KLM (OTC:AFLYY)'s Dutch unit. Today's decision marks the second occasion the Irish budget carrier has successfully challenged EU state aid given to its rivals due to the Covid-19 pandemic's severe impact on the airline industry.
Investors interested in stocks from the Transportation - Airline sector have probably already heard of Deutsche Lufthansa AG (DLAKY) and Ryanair (RYAAY). But which of these two stocks presents investors with the better value opportunity right now?
Ryanair's (RYAAY) fuel bill in Q3 jumps 35% year over year.
JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) has laid down a positive outlook for the short-haul airline sector heading into the summer season, leading to an upgrade of easyJet plc stock from neutral to overweight. The budget airline said its performance has improved year on year in its last quarterly update, with booking trends giving a positive outlook for the remainder of the financial year.
Ryanair will take as many Boeing MAX 10 aircraft as it can get, the airline's CEO told Reuters on Tuesday, reiterating his confidence in the U.S. planemaker.
The City is upbeat on Ryanair Holdings PLC (LSE:RYA) despite Michael O'Leary's budget European airline lowering its profit guidance for the year ahead. In Monday's third-quarter trading update, the carrier reported a net profit of €15 million (£12.8 million), marking a dramatic 93% year-on-year reduction from €211 million as higher fuel costs bit into the bottom line.
Ryanair Holdings plc (RYAAY) Q3 2024 Earnings Call Transcript
By now, everyone is aware of the drama that has been going on inside Boeing NYSE: BA in regard to its incident during an Alaska Air Group NYSE: ALK flight, where a 737 MAX 9 jet suddenly saw its door pop off in the middle of the air. Much blame has been pushed between manufacturers like Spirit AeroSystems NYSE: SPR and the airlines themselves.
Ryanair on Monday lowered its full-year profit guidance, as it said higher fuel and staffing costs, and a decision by online travel agents to stop listing its flights had hit its profits in the final three months of 2023.
Ryanair Holdings PLC (LSE:RYA) reported a net profit of €15 million (£12.8 million) in the third quarter, marking a dramatic 93% year-on-year reduction from €211 million as higher fuel costs bit into the bottom line. However, the broader trend remains positive, with net profits over the nine months ending 31 December up 39%.