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Ryanair Holdings ( (RYAAY) ) has shared an update.
Ryanair Holdings reported a substantial increase in Q3 profit after tax, reaching €149 million, up from €15 million the previous year, driven by a 9% increase in traffic to 45 million passengers and slightly higher fares due to strong holiday bookings. Despite this growth, the company’s nine-month profits fell by 12% compared to the previous year due to 8% lower airfares. Ryanair plans to adjust its FY26 traffic growth target to 206 million passengers due to Boeing delivery delays but remains optimistic about its long-term growth trajectory, aiming for 300 million passengers over the next decade. The company also highlighted its strong financial position, ongoing share buybacks, and environmental initiatives, positioning itself as one of the EU’s most efficient airlines.
More about Ryanair Holdings
Ryanair Holdings plc is a prominent player in the airline industry, known for its low-cost, short-haul flight services across Europe. The company operates a significant fleet and is focused on expanding its market presence by capitalizing on its cost advantages and operational resilience.
YTD Price Performance: 7.02%
Average Trading Volume: 1,213,112
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $22.56B
Find detailed analytics on RYAAY stock on TipRanks’ Stock Analysis page.