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Ryanair Group CFO Neil Sorahan joins 'Squawk Box' to discuss the company's full-year profit, summer travel demand outlook, impact of tariffs on Boeing deliveries, and more.
Ryanair Holdings PLC (LSE:RYA) reported a 16% fall in profits for the past year due to rising costs and falling ticket fares but announced a €750 million share buyback as said prices were rising again. Net income for the year to March 2025 landed at €1.6 billion, bang in line with expectations, as 200.2 million passengers were carried on the Irish airline, up 9% year-on-year.
Ryanair CEO Michael O'Leary discusses the company's performance as the airline said growth this year will depend on working through the risk of tariff wars, geopolitical conflicts and macro-economic blows. O'Leary also talks about Boeing deliveries, oil prices, and Ryanair's buyback plans.
The drop in earnings was in line with analysts' expectations, and reflected passenger numbers that grew 9% but who paid 7% lower average fares.
Ryanair share price will be in focus on Monday as the company published financial results for the year ending in March. Its stock ended the week at $50 on Friday, down from last week's high of $51.60.
Airlines are gearing up for summer, with global traffic looking positive despite geopolitical tensions and seasonal low points in spring. Regional and international flight growth varies, with Asia Pacific and European routes leading, while North American and Middle Eastern routes lag. IAG stands out due to recent aircraft acquisitions, but overall industry growth has slowed compared to previous years.
Ryanair would look for an alternative aircraft supplier if U.S. tariffs materially affect the price of planes it has ordered from Boeing , chief executive Michael O'Leary said in a letter on Thursday, adding that he would consider Chinese planemaker COMAC.
A senior U.S. lawmaker has warned Ryanair against purchasing Chinese-made aircraft due to security concerns, following comments by the CEO of the low-cost Irish airline that he would consider buying Chinese jets at the right price, according to a letter seen by Reuters.
Ryanair (RYAAY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Ryanair (RYAAY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.