Ryanair Records Solid Traffic Numbers In June: Details
Portfolio Pulse from Lekha Gupta
Ryanair Holdings plc (NASDAQ:RYAAY) reported a record 19.3 million passengers in June 2024, up 11% Y/Y. The company’s flights were 95% full on average. In May, Ryanair carried 18.9 million passengers and reported FY24 revenue growth of 25% Y/Y to €13.44 billion, with EPS rising to €1.67 from €1.15. The company expects to grow traffic by 8%, contingent on Boeing (NYSE:BA) deliveries. Investors can gain exposure via IShares MSCI Ireland ETF (NYSE:EIRL) and Defiance Hotel, Airline, And Cruise ETF (NYSE:CRUZ). RYAAY shares closed lower by 2.08% at $114.02 on Monday.
July 02, 2024 | 1:05 pm
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POSITIVE IMPACT
Ryanair's future growth is contingent on Boeing's ability to deliver aircraft on time, highlighting the importance of Boeing's production schedule.
Boeing's delivery schedule is crucial for Ryanair's growth plans, making it a significant factor for Boeing's stock performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
The Defiance Hotel, Airline, And Cruise ETF offers exposure to Ryanair, which reported strong passenger numbers and revenue growth.
The Defiance Hotel, Airline, And Cruise ETF includes Ryanair, and its strong performance could positively impact the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30
POSITIVE IMPACT
Investors can gain exposure to Ryanair through the IShares MSCI Ireland ETF, which may benefit from Ryanair's strong performance.
The IShares MSCI Ireland ETF includes Ryanair, and its strong performance could positively impact the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30
POSITIVE IMPACT
Ryanair reported record passenger numbers and strong revenue growth, but shares closed lower by 2.08%. The company expects further growth contingent on Boeing deliveries.
Ryanair's record passenger numbers and strong revenue growth are positive indicators. However, the stock's recent decline suggests market concerns, possibly about Boeing deliveries.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100